LATAM Airlines Group S.A. (NYSE:LTM) Stock Short Interest Report for October

LATAM Airlines Group S.A. (NYSE:LTM) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,559,597 shares, an increase of 76.3% from the September 30th total of 2,018,982 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 798,579 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of LATAM Airlines Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in LATAM Airlines Group by 184.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,267,200 shares of the transportation company’s stock valued at $62,650,000 after acquiring an additional 822,400 shares during the last quarter. Ninety One UK Ltd increased its position in shares of LATAM Airlines Group by 36.1% in the 3rd quarter. Ninety One UK Ltd now owns 2,457,525 shares of the transportation company’s stock worth $122,606,000 after purchasing an additional 651,218 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of LATAM Airlines Group by 168.5% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 881,976 shares of the transportation company’s stock worth $43,605,000 after purchasing an additional 553,513 shares during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. increased its position in shares of LATAM Airlines Group by 1,478.6% in the 2nd quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. now owns 326,007 shares of the transportation company’s stock worth $18,996,000 after purchasing an additional 305,355 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of LATAM Airlines Group by 641.9% in the 1st quarter. Bank of America Corp DE now owns 346,402 shares of the transportation company’s stock valued at $17,126,000 after purchasing an additional 299,710 shares in the last quarter.

LATAM Airlines Group Stock Performance

Shares of NYSE:LTM traded up $2.25 during trading on Monday, hitting $44.63. The company’s stock had a trading volume of 856,132 shares, compared to its average volume of 983,230. The company has a market capitalization of $12.81 billion, a PE ratio of 7.86, a PEG ratio of 1.09 and a beta of 3.64. LATAM Airlines Group has a fifty-two week low of $41.44 and a fifty-two week high of $70.42. The stock’s 50-day moving average price is $49.72 and its two-hundred day moving average price is $52.80.

LATAM Airlines Group (NYSE:LTM) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.06 billion. On average, equities analysts predict that LATAM Airlines Group will post 4.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LTM shares. Wall Street Zen lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.27.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.