Avianca (NYSE:AVH) Downgraded by Zacks Investment Research
According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “
Separately, ValuEngine raised shares of Avianca from a hold rating to a buy rating in a report on Wednesday, September 4th.
The company also recently announced a dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.034 per share. The ex-dividend date was Thursday, August 15th. Avianca’s payout ratio is currently 13.19%.
Hedge funds have recently bought and sold shares of the company. Wolverine Trading LLC purchased a new stake in shares of Avianca during the 2nd quarter worth about $51,000. Russell Investments Group Ltd. boosted its stake in shares of Avianca by 40.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 182,752 shares of the transportation company’s stock worth $693,000 after acquiring an additional 52,731 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Avianca by 1,381.7% during the 2nd quarter. Citadel Advisors LLC now owns 254,177 shares of the transportation company’s stock worth $986,000 after acquiring an additional 237,023 shares in the last quarter. River & Mercantile Asset Management LLP boosted its stake in shares of Avianca by 8.3% during the 1st quarter. River & Mercantile Asset Management LLP now owns 438,300 shares of the transportation company’s stock worth $1,795,000 after acquiring an additional 33,700 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Avianca by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,612,667 shares of the transportation company’s stock worth $6,257,000 after acquiring an additional 127,857 shares in the last quarter. 5.59% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Stochastic Momentum Index (SMI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Avianca Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avianca and related companies with MarketBeat.com's FREE daily email newsletter.