183,727 Shares in LATAM Airlines Group S.A. $LTM Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 183,727 shares of the transportation company’s stock, valued at approximately $9,923,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in LATAM Airlines Group by 248.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock valued at $67,181,000 after buying an additional 1,058,554 shares in the last quarter. Vanguard Group Inc. raised its holdings in LATAM Airlines Group by 266.7% during the third quarter. Vanguard Group Inc. now owns 1,039,414 shares of the transportation company’s stock valued at $47,033,000 after buying an additional 755,997 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in LATAM Airlines Group by 87.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,018,218 shares of the transportation company’s stock valued at $54,994,000 after buying an additional 474,593 shares in the last quarter. Two Sigma Investments LP raised its holdings in LATAM Airlines Group by 89.7% during the third quarter. Two Sigma Investments LP now owns 954,224 shares of the transportation company’s stock valued at $43,179,000 after buying an additional 451,107 shares in the last quarter. Finally, Burkehill Global Management LP bought a new position in LATAM Airlines Group during the third quarter valued at about $42,988,000.

LATAM Airlines Group Stock Performance

LATAM Airlines Group stock opened at $53.30 on Friday. The business’s 50-day simple moving average is $50.48 and its 200-day simple moving average is $53.45. The firm has a market capitalization of $15.30 billion, a PE ratio of 9.17, a PEG ratio of 1.46 and a beta of 3.62. LATAM Airlines Group S.A. has a 52 week low of $36.64 and a 52 week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings data on Wednesday, May 6th. The transportation company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.66. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.96 billion. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%. Research analysts forecast that LATAM Airlines Group S.A. will post 4.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LTM shares. Morgan Stanley upgraded LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $61.00 to $60.00 in a report on Thursday, March 26th. Citigroup upgraded LATAM Airlines Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $53.00 to $58.00 in a report on Tuesday, March 17th. The Goldman Sachs Group restated a “buy” rating and set a $72.60 target price on shares of LATAM Airlines Group in a report on Tuesday, May 12th. Barclays cut their target price on LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, LATAM Airlines Group has an average rating of “Moderate Buy” and an average price target of $65.52.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.