Grupo Aeromexico (NYSE:AERO) Insider Sells $561,848.00 in Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 355,600 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total transaction of $561,848.00. Following the completion of the sale, the insider owned 1,262,530 shares of the company’s stock, valued at approximately $1,994,797.40. The trade was a 21.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aaron James Murray also recently made the following trade(s):

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.56, for a total value of $546,000.00.
• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.51, for a total value of $906,000.00.

Grupo Aeromexico Price Performance

AERO opened at $15.69 on Monday. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The stock has a market capitalization of $2.14 billion and a P/E ratio of 37.36. The business has a 50 day simple moving average of $16.45 and a 200-day simple moving average of $16.44.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings data on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The business had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%. Research analysts anticipate that Grupo Aeromexico will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Jefferies Financial Group initiated coverage on shares of Grupo Aeromexico in a research report on Thursday, June 18th. They set a “hold” rating and a $20.00 price target for the company. JPMorgan Chase & Co. decreased their target price on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Wall Street Zen lowered Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Zacks Research upgraded Grupo Aeromexico from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.06.

Institutional Investors Weigh In On Grupo Aeromexico

A number of large investors have recently bought and sold shares of the stock. Oaktree Capital Management LP increased its position in Grupo Aeromexico by 5.1% during the 1st quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company’s stock worth $55,601,000 after purchasing an additional 191,700 shares in the last quarter. Strategic Value Partners LLC purchased a new position in Grupo Aeromexico in the 4th quarter valued at about $208,318,000. Monashee Investment Management LLC acquired a new stake in shares of Grupo Aeromexico during the 4th quarter worth about $2,012,000. Walleye Capital LLC purchased a new stake in shares of Grupo Aeromexico during the first quarter worth about $2,969,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $3,294,000.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.