ValuEngine Downgrades Avianca (AVH) to Sell

Avianca (NYSE:AVH) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Separately, Zacks Investment Research raised Avianca from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.88.

NYSE AVH traded down $0.10 during trading hours on Monday, reaching $3.95. The company’s stock had a trading volume of 81,900 shares, compared to its average volume of 79,012. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 7.25. Avianca has a 1 year low of $3.61 and a 1 year high of $9.21. The stock has a market cap of $330.18 million, a PE ratio of 4.34 and a beta of 1.01.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP purchased a new position in Avianca in the 4th quarter worth approximately $56,000. Two Sigma Investments LP purchased a new stake in shares of Avianca during the 4th quarter worth approximately $63,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Avianca by 231.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock worth $143,000 after acquiring an additional 24,664 shares in the last quarter. RWC Asset Advisors US LLC purchased a new stake in shares of Avianca during the 4th quarter worth approximately $1,509,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Avianca by 5.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,403,510 shares of the transportation company’s stock worth $7,888,000 after acquiring an additional 71,294 shares in the last quarter. 5.69% of the stock is currently owned by institutional investors.

About Avianca

Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.

Further Reading: How are institutional investors different from individual investors?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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