Maven Securities LTD Buys New Position in LATAM Airlines Group S.A. $LTM

Maven Securities LTD purchased a new stake in LATAM Airlines Group S.A. (NYSE:LTM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the transportation company’s stock, valued at approximately $1,810,000.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of LATAM Airlines Group during the first quarter worth about $3,061,000. Goldman Sachs Group Inc. raised its position in shares of LATAM Airlines Group by 133.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock valued at $1,259,000 after purchasing an additional 23,044 shares during the last quarter. Rhumbline Advisers boosted its stake in LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,700 shares in the last quarter. SG Americas Securities LLC purchased a new stake in LATAM Airlines Group during the 2nd quarter worth approximately $595,000. Finally, Raiffeisen Bank International AG purchased a new stake in LATAM Airlines Group during the 2nd quarter worth approximately $185,000.

Wall Street Analysts Forecast Growth

LTM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. The Goldman Sachs Group set a $64.10 price objective on shares of LATAM Airlines Group and gave the company a “neutral” rating in a report on Thursday, February 12th. Wall Street Zen raised LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Citigroup upgraded LATAM Airlines Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $53.00 to $58.00 in a research note on Tuesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 price target (up from $56.00) on shares of LATAM Airlines Group in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.03.

LATAM Airlines Group Stock Performance

LTM opened at $50.13 on Wednesday. The company has a fifty day moving average of $58.26 and a two-hundred day moving average of $51.55. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.33 and a beta of 3.89. LATAM Airlines Group S.A. has a fifty-two week low of $26.36 and a fifty-two week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, equities research analysts forecast that LATAM Airlines Group S.A. will post 3.37 earnings per share for the current year.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.