9,486,266 Shares in Grupo Aeromexico $AERO Acquired by Strategic Value Partners LLC

Strategic Value Partners LLC purchased a new position in shares of Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,486,266 shares of the company’s stock, valued at approximately $208,318,000. Grupo Aeromexico comprises approximately 100.0% of Strategic Value Partners LLC’s portfolio, making the stock its largest holding. Strategic Value Partners LLC owned about 0.07% of Grupo Aeromexico at the end of the most recent quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AERO. Wall Street Zen raised Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Zacks Research lowered Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Barclays decreased their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.43.

Grupo Aeromexico Trading Up 5.3%

AERO opened at $15.21 on Thursday. The company has a market cap of $2.08 billion and a price-to-earnings ratio of 18.55. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The stock has a fifty day moving average of $14.86.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. The firm had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. On average, research analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

Grupo Aeromexico Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.