Avianca (AVH) Shares Up 6.6%
Avianca Holdings SA (NYSE:AVH)’s share price shot up 6.6% during trading on Tuesday . The stock traded as high as $3.35 and last traded at $3.25. 731,508 shares traded hands during trading, an increase of 666% from the average session volume of 95,449 shares. The stock had previously closed at $3.05.
Several research firms have recently commented on AVH. ValuEngine lowered shares of Avianca from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Avianca from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.88.
The stock has a market cap of $261.02 million, a PE ratio of 3.57 and a beta of 0.96. The company has a debt-to-equity ratio of 7.03, a quick ratio of 0.47 and a current ratio of 0.51.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be given a $0.0387 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 4.77%. Avianca’s dividend payout ratio is presently 25.27%.
A number of institutional investors and hedge funds have recently made changes to their positions in AVH. Two Sigma Advisers LP bought a new position in Avianca in the 4th quarter valued at about $56,000. Two Sigma Investments LP bought a new position in Avianca in the 4th quarter valued at about $63,000. D. E. Shaw & Co. Inc. grew its position in Avianca by 231.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock valued at $143,000 after buying an additional 24,664 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Avianca by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,598 shares of the transportation company’s stock valued at $244,000 after buying an additional 5,675 shares in the last quarter. Finally, RWC Asset Advisors US LLC bought a new position in Avianca in the 4th quarter valued at about $1,509,000. Hedge funds and other institutional investors own 5.69% of the company’s stock.
About Avianca (NYSE:AVH)
Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.
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