Mariner Investment Group LLC Invests $3.72 Million in Grupo Aeromexico $AERO

Mariner Investment Group LLC bought a new stake in Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 169,280 shares of the company’s stock, valued at approximately $3,717,000. Mariner Investment Group LLC owned about 0.12% of Grupo Aeromexico at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Par Capital Management Inc. bought a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $304,155,000. Silver Point Capital L.P. bought a new position in shares of Grupo Aeromexico in the fourth quarter worth approximately $289,274,000. Strategic Value Partners LLC bought a new position in shares of Grupo Aeromexico in the fourth quarter worth approximately $208,318,000. Nut Tree Capital Management LP bought a new position in shares of Grupo Aeromexico in the fourth quarter worth approximately $130,652,000. Finally, Baupost Group LLC MA purchased a new position in shares of Grupo Aeromexico in the fourth quarter worth $106,620,000.

Grupo Aeromexico Trading Up 0.5%

NYSE:AERO opened at $17.70 on Friday. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The stock has a market cap of $2.41 billion and a price-to-earnings ratio of 21.59. The company has a 50-day moving average price of $16.01 and a 200-day moving average price of $17.62.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. The business had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Equities analysts forecast that Grupo Aeromexico will post 0.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AERO shares. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. lowered their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a research note on Friday, June 12th. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Barclays reduced their price target on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeromexico presently has a consensus rating of “Moderate Buy” and an average price target of $28.06.

Insider Activity

In other news, insider Aaron James Murray sold 600,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,968,130 shares in the company, valued at $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.82% of the company’s stock.

Grupo Aeromexico 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.