LATAM Airlines Group SA (LFL) Sees Large Volume Increase
LATAM Airlines Group SA (NYSE:LFL) saw unusually-high trading volume on Thursday . Approximately 465,118 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 542,981 shares.The stock last traded at $6.54 and had previously closed at $6.53.
LFL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 price objective on the stock in a research report on Thursday, May 12th. Evercore ISI downgraded shares of LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Finally, Goldman Sachs Group Inc. downgraded shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $6.70 to $5.80 in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.55.
The company’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.17. The company’s market cap is $3.66 billion.
A hedge fund recently raised its stake in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP raised its position in shares of LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,840,359 shares of the company’s stock after buying an additional 235,626 shares during the period. Dimensional Fund Advisors LP owned about 0.89% of LATAM Airlines Group SA worth $26,083,000 at the end of the most recent reporting period.
LATAM Airlines Group SA (LATAM) is a Chile-based airline holding company. The Company is primarily involved in the transportation of passengers and cargo, and operates as a business enterprise with two brands: LAN and TAM. LATAM operates through two segments: the air transportation business, and the coalition and loyalty program Multiplus.
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