426,115 Shares in LATAM Airlines Group S.A. $LTM Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new position in LATAM Airlines Group S.A. (NYSE:LTM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 426,115 shares of the transportation company’s stock, valued at approximately $17,317,000. Arrowstreet Capital Limited Partnership owned approximately 0.14% of LATAM Airlines Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of LATAM Airlines Group by 761.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock worth $88,000 after buying an additional 1,918 shares during the last quarter. Rhumbline Advisers boosted its position in LATAM Airlines Group by 113.8% in the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,700 shares during the last quarter. Blue Trust Inc. boosted its position in LATAM Airlines Group by 58.4% in the second quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock worth $125,000 after purchasing an additional 1,138 shares during the last quarter. Liontrust Investment Partners LLP bought a new position in LATAM Airlines Group in the 1st quarter valued at $182,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of LATAM Airlines Group during the 2nd quarter valued at $185,000.

LATAM Airlines Group Stock Down 1.7%

Shares of NYSE LTM opened at $50.74 on Monday. The company has a market cap of $15.33 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.42 and a beta of 3.91. LATAM Airlines Group S.A. has a 52 week low of $26.18 and a 52 week high of $52.72. The business has a 50-day simple moving average of $45.23 and a two-hundred day simple moving average of $43.81.

Analysts Set New Price Targets

LTM has been the topic of a number of recent analyst reports. Barclays set a $60.00 target price on LATAM Airlines Group and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.50 price objective on shares of LATAM Airlines Group in a research report on Friday. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Zacks Research lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.