Columbus Hill Capital Management L.P. Sells 10,000 Shares of LATAM Airlines Group S.A. $LTM

Columbus Hill Capital Management L.P. cut its position in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 466,839 shares of the transportation company’s stock after selling 10,000 shares during the quarter. LATAM Airlines Group makes up about 2.7% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 16th largest position. Columbus Hill Capital Management L.P. owned 0.15% of LATAM Airlines Group worth $18,972,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LTM. Caitong International Asset Management Co. Ltd boosted its stake in LATAM Airlines Group by 761.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock worth $88,000 after buying an additional 1,918 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,700 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of LATAM Airlines Group by 58.4% during the 2nd quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 1,138 shares during the last quarter. Liontrust Investment Partners LLP purchased a new position in LATAM Airlines Group in the 1st quarter worth $182,000. Finally, Raiffeisen Bank International AG bought a new stake in LATAM Airlines Group in the second quarter worth $185,000.

LATAM Airlines Group Trading Up 3.2%

LATAM Airlines Group stock opened at $47.14 on Wednesday. The firm has a market cap of $14.25 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.43 and a beta of 3.61. LATAM Airlines Group S.A. has a 1-year low of $26.18 and a 1-year high of $52.54. The firm has a 50-day moving average of $44.79 and a 200-day moving average of $43.05.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a report on Wednesday, October 8th. Barclays set a $60.00 price target on LATAM Airlines Group and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, LATAM Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $60.00.

About LATAM Airlines Group

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.