Walleye Capital LLC Makes New Investment in Grupo Aeromexico $AERO

Walleye Capital LLC bought a new stake in Grupo Aeromexico (NYSE:AERO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 211,930 shares of the company’s stock, valued at approximately $2,969,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Strategic Value Partners LLC purchased a new stake in Grupo Aeromexico during the 4th quarter worth $208,318,000. Seven Grand Managers LLC purchased a new position in Grupo Aeromexico in the fourth quarter valued at about $3,294,000. Zweig DiMenna Associates LLC acquired a new position in shares of Grupo Aeromexico during the fourth quarter worth about $1,976,000. Norges Bank purchased a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $8,784,000. Finally, Goldman Sachs Group Inc. purchased a new position in Grupo Aeromexico in the 4th quarter worth approximately $3,968,000.

Wall Street Analyst Weigh In

AERO has been the subject of several recent research reports. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. JPMorgan Chase & Co. decreased their target price 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. Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Monday. Jefferies Financial Group assumed coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They set a “hold” rating and a $20.00 price target on the stock. Finally, The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.06.

Grupo Aeromexico Stock Down 1.9%

Shares of AERO opened at $14.91 on Friday. The firm has a market cap of $2.03 billion and a price-to-earnings ratio of 35.50. The business’s 50 day moving average is $16.60 and its two-hundred day moving average is $17.00. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The company had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%. On average, equities analysts expect that Grupo Aeromexico will post 1.05 earnings per share for the current fiscal year.

Insider Transactions at Grupo Aeromexico

In other Grupo Aeromexico news, insider Aaron James Murray sold 350,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00. Following the transaction, the insider directly owned 1,618,130 shares in the company, valued at $2,524,282.80. This represents a 17.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.82% of the stock is owned by corporate insiders.

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.