Scoggin Management LP Acquires 25,000 Shares of LATAM Airlines Group S.A. $LTM

Scoggin Management LP grew its holdings in LATAM Airlines Group S.A. (NYSE:LTM) by 25.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,000 shares of the transportation company’s stock after acquiring an additional 25,000 shares during the quarter. LATAM Airlines Group accounts for approximately 1.1% of Scoggin Management LP’s investment portfolio, making the stock its 20th biggest position. Scoggin Management LP’s holdings in LATAM Airlines Group were worth $3,910,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Cubist Systematic Strategies LLC boosted its position in shares of LATAM Airlines Group by 1,028.9% in the first quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company’s stock valued at $4,363,000 after acquiring an additional 127,123 shares during the period. Liontrust Investment Partners LLP bought a new stake in LATAM Airlines Group during the first quarter worth about $182,000. XTX Topco Ltd bought a new stake in LATAM Airlines Group during the first quarter worth about $404,000. Advisors Preferred LLC bought a new stake in LATAM Airlines Group during the first quarter worth about $761,000. Finally, Penserra Capital Management LLC bought a new stake in LATAM Airlines Group during the first quarter worth about $295,000.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of LATAM Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $39.00.

LATAM Airlines Group Stock Down 0.5%

Shares of LTM opened at $50.24 on Monday. LATAM Airlines Group S.A. has a 12-month low of $23.59 and a 12-month high of $50.90. The business’s fifty day moving average is $43.06 and its 200 day moving average is $36.66. The stock has a market cap of $15.18 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.49 and a beta of 3.59.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.