Azul (NYSE:AZUL) Sets New 52-Week Low at $5.66

Azul S.A. (NYSE:AZUL) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.66 and last traded at $5.69, with a volume of 1175502 shares trading hands. The stock had previously closed at $6.26.

Analysts Set New Price Targets

AZUL has been the subject of a number of recent research reports. Barclays lowered their price target on shares of Azul from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, April 1st. Raymond James restated an “outperform” rating and set a $12.00 price objective (down from $13.00) on shares of Azul in a research note on Monday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.56.

Azul Stock Up 0.2 %

The firm has a market cap of $2.55 billion, a PE ratio of -6.51 and a beta of 1.85. The firm’s fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $8.42.

Hedge Funds Weigh In On Azul

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in Azul by 3.0% during the first quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock valued at $196,134,000 after purchasing an additional 374,935 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Azul by 296.8% during the first quarter. Frontier Capital Management Co. LLC now owns 4,384,995 shares of the company’s stock valued at $31,353,000 after purchasing an additional 3,280,010 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Azul by 551.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 2,339,760 shares of the company’s stock valued at $14,296,000 after purchasing an additional 1,980,852 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Azul by 293.1% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,040,666 shares of the company’s stock valued at $7,441,000 after purchasing an additional 775,936 shares in the last quarter. Finally, U S Global Investors Inc. lifted its holdings in shares of Azul by 23.9% in the third quarter. U S Global Investors Inc. now owns 892,462 shares of the company’s stock worth $7,666,000 after buying an additional 172,348 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.

About Azul

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.