52,107 Shares in Azul S.A. (NYSE:AZUL) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in Azul S.A. (NYSE:AZUL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 52,107 shares of the company’s stock, valued at approximately $87,000.

Other institutional investors have also recently bought and sold shares of the company. Trellis Wealth Advisors LLC bought a new position in shares of Azul in the 4th quarter worth $32,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Azul during the 4th quarter worth about $42,000. Inspire Advisors LLC increased its stake in shares of Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after acquiring an additional 6,844 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Azul by 16.3% in the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock valued at $106,000 after acquiring an additional 8,899 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Azul during the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Stock Performance

Shares of Azul stock opened at $0.71 on Wednesday. The firm has a market cap of $299.74 million, a PE ratio of -0.10 and a beta of 1.88. The business’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $2.00. Azul S.A. has a 52-week low of $0.48 and a 52-week high of $6.64.

Wall Street Analyst Weigh In

AZUL has been the topic of several analyst reports. Raymond James cut their target price on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their price target on Azul from $2.70 to $2.40 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Azul presently has a consensus rating of “Hold” and an average price target of $4.67.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.