Lazard Asset Management LLC bought a new position in shares of Azul SA (NASDAQ:AZUL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 323,140 shares of the company’s stock, valued at approximately $6,811,000. Lazard Asset Management LLC owned about 0.36% of Azul SA as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. acquired a new stake in Azul SA during the second quarter worth approximately $101,000. Frontier Capital Management Co. LLC purchased a new position in Azul SA during the second quarter worth approximately $128,000. Quantitative Systematic Strategies LLC purchased a new position in Azul SA during the second quarter worth approximately $341,000. Brighton Jones LLC purchased a new position in Azul SA during the second quarter worth approximately $358,000. Finally, JPMorgan Chase & Co. purchased a new position in Azul SA during the second quarter worth approximately $480,000.

Azul SA (NASDAQ AZUL) opened at 28.26 on Monday. The firm’s 50-day moving average is $26.04 and its 200-day moving average is $23.85. The stock has a market cap of $3.11 billion and a P/E ratio of 100.21. Azul SA has a 1-year low of $19.43 and a 1-year high of $29.43.

Azul SA (NASDAQ:AZUL) last announced its quarterly earnings data on Monday, August 14th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.11). Azul SA had a negative net margin of 1.97% and a negative return on equity of 8.12%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.75 billion. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, analysts forecast that Azul SA will post $0.43 EPS for the current year.

A number of equities analysts have weighed in on AZUL shares. Zacks Investment Research raised shares of Azul SA from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday, July 10th. Buckingham Research increased their price target on shares of Azul SA from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $31.75.

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Azul SA Profile

Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.

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Institutional Ownership by Quarter for Azul SA (NASDAQ:AZUL)

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