Insider Selling: Grupo Aeromexico (NYSE:AERO) Insider Sells $906,000.00 in Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 600,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total transaction of $906,000.00. Following the completion of the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $546,000.00.

Grupo Aeromexico Price Performance

NYSE:AERO opened at $16.06 on Monday. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 19.58. The business has a 50-day simple moving average of $14.85.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The firm had revenue of $1.34 billion during the quarter. Equities research analysts expect that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeromexico

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Aeromexico during the first quarter valued at approximately $56,000. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Sandia Investment Management LP bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Quarry LP bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $232,000. Finally, R Squared Ltd bought a new stake in shares of Grupo Aeromexico during the first quarter valued at approximately $163,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on AERO shares. JPMorgan Chase & Co. decreased their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings cut shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Barclays decreased their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Finally, Zacks Research cut shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.43.

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.