Two Sigma Investments LP Buys 27,949 Shares of Azul S.A. (NYSE:AZUL)

Two Sigma Investments LP boosted its stake in Azul S.A. (NYSE:AZUL) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,019 shares of the company’s stock after purchasing an additional 27,949 shares during the quarter. Two Sigma Investments LP’s holdings in Azul were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AZUL. Long Focus Capital Management LLC increased its holdings in shares of Azul by 18.0% in the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock worth $9,908,000 after acquiring an additional 905,463 shares in the last quarter. Kapitalo Investimentos Ltda boosted its position in shares of Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after buying an additional 449,855 shares during the period. Virtu Financial LLC acquired a new position in shares of Azul during the fourth quarter worth about $220,000. Fore Capital LLC acquired a new position in shares of Azul during the fourth quarter worth about $167,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Azul during the fourth quarter worth about $117,000. Institutional investors own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AZUL shares. Barclays reduced their price target on Azul from $4.50 to $0.50 and set an “equal weight” rating for the company in a research report on Friday, May 16th. The Goldman Sachs Group reduced their price target on Azul from $2.70 to $2.40 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Raymond James cut Azul from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Azul presently has an average rating of “Hold” and a consensus target price of $3.32.

Azul Price Performance

AZUL opened at $0.50 on Wednesday. Azul S.A. has a 12-month low of $0.45 and a 12-month high of $5.33. The stock has a market cap of $210.79 million, a price-to-earnings ratio of -0.07 and a beta of 1.88. The business has a 50 day moving average of $0.89 and a 200-day moving average of $1.61.

Azul (NYSE:AZUL) last released its quarterly earnings data on Thursday, May 15th. The company reported ($2.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($2.21). The firm had revenue of $923.68 million during the quarter, compared to the consensus estimate of $5.31 billion. As a group, analysts expect that Azul S.A. will post -1.58 earnings per share for the current year.

Azul Profile

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.