Compass Rose Asset Management LP Raises Holdings in Grupo Aeromexico $AERO

Compass Rose Asset Management LP increased its stake in shares of Grupo Aeromexico (NYSE:AERO) by 49.2% in the 1st quarter, HoldingsChannel reports. The firm owned 545,000 shares of the company’s stock after buying an additional 179,731 shares during the quarter. Grupo Aeromexico makes up 0.6% of Compass Rose Asset Management LP’s portfolio, making the stock its 11th largest position. Compass Rose Asset Management LP’s holdings in Grupo Aeromexico were worth $7,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in Grupo Aeromexico during the 1st quarter valued at $2,969,000. R Squared Ltd acquired a new position in shares of Grupo Aeromexico in the first quarter worth $163,000. Mariner Investment Group LLC acquired a new position in shares of Grupo Aeromexico in the fourth quarter worth $3,717,000. XTX Topco Ltd purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $301,000. Finally, Zimmer Partners LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $23,286,000.

Grupo Aeromexico Price Performance

Grupo Aeromexico stock opened at $14.91 on Friday. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The company has a market cap of $2.03 billion and a price-to-earnings ratio of 35.50. The stock’s 50-day moving average is $16.60 and its 200-day moving average is $17.00.

Grupo Aeromexico (NYSE:AERO) last posted its earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.The business had revenue of $1.48 billion for the quarter. Research analysts anticipate that Grupo Aeromexico will post 1.05 EPS for the current year.

Insider Transactions at Grupo Aeromexico

In other news, insider Aaron James Murray sold 350,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total value of $546,000.00. Following the completion of the sale, the insider owned 1,618,130 shares of the company’s stock, valued at $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 is available at this hyperlink. 12.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a research report on Friday, June 12th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Jefferies Financial Group initiated coverage on shares of Grupo Aeromexico in a report on Thursday, June 18th. They set a “hold” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.06.

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.