169,280 Shares in Grupo Aeromexico $AERO Purchased by Mariner Investment Group LLC

Mariner Investment Group LLC acquired a new position in Grupo Aeromexico (NYSE:AERO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 169,280 shares of the company’s stock, valued at approximately $3,717,000.

Several other large investors have also recently made changes to their positions in AERO. Monashee Investment Management LLC purchased a new stake in shares of Grupo Aeromexico in the 4th quarter worth approximately $2,012,000. Strategic Value Partners LLC purchased a new position in Grupo Aeromexico during the fourth quarter valued at $208,318,000. Seven Grand Managers LLC bought a new stake in Grupo Aeromexico in the fourth quarter worth $3,294,000. Baupost Group LLC MA bought a new stake in Grupo Aeromexico in the fourth quarter worth $106,620,000. Finally, Fourth Sail Capital LP purchased a new position in shares of Grupo Aeromexico in the 4th quarter worth about $24,156,000.

Insider Buying and Selling

In related news, insider Aaron James Murray sold 350,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider owned 1,618,130 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AERO. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. decreased their target price on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a report on Friday, June 12th. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Jefferies Financial Group started coverage on shares of Grupo Aeromexico in a report on Thursday. They set a “hold” rating and a $20.00 price target on the stock. Finally, Barclays reduced their price target on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.06.

Grupo Aeromexico Trading Up 0.5%

Shares of AERO stock opened at $17.70 on Friday. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05. The stock has a market capitalization of $2.41 billion and a P/E ratio of 21.59. The firm’s 50 day moving average is $16.01 and its 200 day moving average is $17.62.

Grupo Aeromexico (NYSE:AERO) last announced its earnings results 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, equities analysts predict that Grupo Aeromexico will post 0.91 earnings per share for the current year.

Grupo Aeromexico Profile

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.