Aaron James Murray Sells 350,000 Shares of Grupo Aeromexico (NYSE:AERO) Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00. Following the sale, the insider owned 1,618,130 shares of the company’s stock, valued at approximately $2,524,282.80. This represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Aaron James Murray also recently made the following trade(s):

• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00.

Grupo Aeromexico Stock Up 0.5%

NYSE:AERO traded up $0.08 on Friday, reaching $16.06. 211,257 shares of the stock traded hands, compared to its average volume of 268,358. The firm has a market capitalization of $2.19 billion and a P/E ratio of 19.58. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The stock’s fifty day moving average is $14.85.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The business had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. As a group, research analysts predict that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AERO has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Zacks Research lowered shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.43.

Institutional Trading of Grupo Aeromexico

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Aeromexico in the first quarter worth approximately $56,000. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico in the fourth quarter worth approximately $220,000. Sandia Investment Management LP bought a new stake in shares of Grupo Aeromexico in the fourth quarter worth approximately $220,000. Quarry LP purchased a new position in shares of Grupo Aeromexico in the fourth quarter worth approximately $232,000. Finally, R Squared Ltd purchased a new position in shares of Grupo Aeromexico in the first quarter worth approximately $163,000.

About Grupo Aeromexico

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.