Y Intercept Hong Kong Ltd Invests $9.92 Million in LATAM Airlines Group S.A. $LTM

Y Intercept Hong Kong Ltd acquired a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 183,727 shares of the transportation company’s stock, valued at approximately $9,923,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of LATAM Airlines Group as of its most recent SEC filing.

Several other large investors have also modified their holdings of LTM. AQR Capital Management LLC bought a new stake in shares of LATAM Airlines Group during the 1st quarter worth $3,061,000. Goldman Sachs Group Inc. boosted its stake in shares of LATAM Airlines Group by 133.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock worth $1,259,000 after acquiring an additional 23,044 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after acquiring an additional 1,700 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of LATAM Airlines Group during the 2nd quarter worth $402,000. Finally, First Trust Advisors LP boosted its stake in shares of LATAM Airlines Group by 149.1% during the 2nd quarter. First Trust Advisors LP now owns 69,108 shares of the transportation company’s stock worth $2,809,000 after acquiring an additional 41,363 shares in the last quarter.

LATAM Airlines Group Trading Up 3.6%

Shares of NYSE:LTM opened at $53.30 on Friday. LATAM Airlines Group S.A. has a 1 year low of $36.64 and a 1 year high of $70.42. The business has a fifty day simple moving average of $50.48 and a 200 day simple moving average of $53.45. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.46 and a beta of 3.62.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings data on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.66. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%.The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, sell-side analysts forecast that LATAM Airlines Group S.A. will post 4.22 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LTM. Morgan Stanley raised LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $61.00 to $60.00 in a research note on Thursday, March 26th. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. Barclays decreased their target price on LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. JPMorgan Chase & Co. started coverage on LATAM Airlines Group in a research report on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Zacks Research raised LATAM Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.52.

LATAM Airlines Group Company Profile

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.