Raymond James Financial Services Advisors Inc. Sells 4,145 Shares of Azul S.A. (NYSE:AZUL)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Azul S.A. (NYSE:AZUL) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,800 shares of the company’s stock after selling 4,145 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Azul were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AZUL. Schonfeld Strategic Advisors LLC bought a new position in Azul during the third quarter worth $4,999,000. Canada Pension Plan Investment Board bought a new position in Azul during the third quarter worth $4,712,000. Landscape Capital Management L.L.C. raised its stake in Azul by 151.3% during the third quarter. Landscape Capital Management L.L.C. now owns 146,654 shares of the company’s stock worth $1,260,000 after buying an additional 88,286 shares during the last quarter. Privium Fund Management UK Ltd bought a new position in Azul during the third quarter worth $341,000. Finally, AXQ Capital LP bought a new position in Azul during the third quarter worth $205,000. Institutional investors own 0.82% of the company’s stock.

Azul Trading Down 3.5 %

AZUL opened at $5.60 on Thursday. The company has a market cap of $2.36 billion, a P/E ratio of -6.02 and a beta of 1.85. The company has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $8.37. Azul S.A. has a 1-year low of $5.57 and a 1-year high of $13.86.

Azul (NYSE:AZUL) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.25). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. On average, research analysts forecast that Azul S.A. will post -0.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AZUL shares. Raymond James reissued an “outperform” rating and set a $12.00 target price (down previously from $13.00) on shares of Azul in a research note on Monday, April 15th. Barclays decreased 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 note on Monday, April 1st. Finally, Bank of America reaffirmed an “underperform” rating and issued a $9.50 price target (down from $18.00) on shares of Azul in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Azul currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.26.

Azul Profile

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.