LATAM Airlines Group SA (LFL) Sees Unusually-High Trading Volume
LATAM Airlines Group SA (NYSE:LFL) saw unusually-strong trading volume on Wednesday . Approximately 900,297 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 690,782 shares.The stock last traded at $8.09 and had previously closed at $7.63.
Several equities analysts recently weighed in on LFL shares. Evercore ISI lowered LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Zacks Investment Research upgraded LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Thursday, May 12th. Goldman Sachs Group Inc. lowered LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and cut their price target for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. Finally, Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.55.
The stock’s market cap is $4.43 billion. The stock has a 50 day moving average of $6.46 and a 200-day moving average of $6.22.
A hedge fund recently raised its stake in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP raised its stake in LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.89% of LATAM Airlines Group SA worth $26,083,000 at the end of the most recent reporting period.
LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania.
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