Seven Grand Managers LLC Takes Position in Grupo Aeromexico $AERO

Seven Grand Managers LLC bought a new stake in shares of Grupo Aeromexico (NYSE:AERO) during the fourth quarter, Holdings Channel reports. The fund bought 150,000 shares of the company’s stock, valued at approximately $3,294,000.

Separately, Strategic Value Partners LLC purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at approximately $208,318,000.

Grupo Aeromexico Stock Performance

Shares of AERO stock opened at $17.01 on Thursday. The stock’s fifty day moving average is $15.01 and its two-hundred day moving average is $17.73. The firm has a market capitalization of $2.32 billion and a P/E ratio of 20.75. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The company had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. On average, equities analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays decreased their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. JPMorgan Chase & Co. decreased their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Wall Street Zen upgraded Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Monday, May 11th. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Insiders Place Their Bets

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This trade represents a 23.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.82% of the company’s stock.

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.