Perpetual Ltd Acquires 119,023 Shares of Azul S.A. (NYSE:AZUL)

Perpetual Ltd increased its position in Azul S.A. (NYSE:AZUL) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,473,976 shares of the company’s stock after purchasing an additional 119,023 shares during the quarter. Perpetual Ltd’s holdings in Azul were worth $4,132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AZUL. Marshall Wace LLP raised its stake in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares during the period. Long Focus Capital Management LLC boosted its holdings in shares of Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after buying an additional 2,295,000 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its stake in Azul by 13,831.7% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after purchasing an additional 290,465 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Azul during the second quarter worth $51,000. Finally, Creative Planning acquired a new position in shares of Azul in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Trading Down 7.1 %

Shares of AZUL opened at $2.17 on Wednesday. The stock’s 50-day moving average price is $2.15 and its two-hundred day moving average price is $3.02. Azul S.A. has a 12 month low of $1.57 and a 12 month high of $8.73. The company has a market capitalization of $912.70 million, a PE ratio of -0.30 and a beta of 1.95.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seaport Res Ptn raised shares of Azul from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Azul has a consensus rating of “Hold” and a consensus target price of $6.40.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.