BW Gestao de Investimentos Ltda. Makes New $5.43 Million Investment in LATAM Airlines Group S.A. $LTM

BW Gestao de Investimentos Ltda. acquired a new stake in LATAM Airlines Group S.A. (NYSE:LTM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 120,000 shares of the transportation company’s stock, valued at approximately $5,430,000.

A number of other hedge funds also recently made changes to their positions in LTM. Tower Research Capital LLC TRC purchased a new position in LATAM Airlines Group in the second quarter valued at about $90,000. Rhumbline Advisers increased its stake in shares of LATAM Airlines Group by 113.8% during the 1st 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. PNC Financial Services Group Inc. increased its stake in shares of LATAM Airlines Group by 392.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,924 shares of the transportation company’s stock worth $132,000 after purchasing an additional 2,330 shares during the last quarter. CWM LLC raised its holdings in shares of LATAM Airlines Group by 2,004.2% in the 3rd quarter. CWM LLC now owns 3,493 shares of the transportation company’s stock worth $158,000 after purchasing an additional 3,327 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of LATAM Airlines Group in the 2nd quarter worth approximately $185,000.

LATAM Airlines Group Price Performance

Shares of LTM stock opened at $48.61 on Tuesday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.31 and a beta of 3.89. The company’s fifty day simple moving average is $58.95 and its two-hundred day simple moving average is $51.55. LATAM Airlines Group S.A. has a 1 year low of $26.36 and a 1 year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Tuesday, February 3rd. The transportation company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.81 billion. Equities research analysts anticipate that LATAM Airlines Group S.A. will post 3.37 EPS for the current year.

Analyst Upgrades and Downgrades

LTM has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. The Goldman Sachs Group set a $64.10 price target on LATAM Airlines Group and gave the company a “neutral” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “equal weight” rating and set a $67.00 price target (up from $56.00) on shares of LATAM Airlines Group in a research note on Friday, February 20th. Finally, Zacks Research raised shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.70.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.