Monashee Investment Management LLC Acquires Shares of 91,619 Grupo Aeromexico $AERO

Monashee Investment Management LLC acquired a new stake in Grupo Aeromexico (NYSE:AERO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 91,619 shares of the company’s stock, valued at approximately $2,012,000. Grupo Aeromexico makes up about 1.1% of Monashee Investment Management LLC’s holdings, making the stock its 28th biggest position.

Other institutional investors have also recently modified their holdings of the company. Zweig DiMenna Associates LLC bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $1,976,000. RWC Asset Management LLP bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $2,731,000. Seven Grand Managers LLC bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $3,294,000. Goldman Sachs Group Inc. bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $3,968,000. Finally, Compass Rose Asset Management LP bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $8,021,000.

Grupo Aeromexico Stock Up 6.9%

Shares of AERO stock opened at $17.20 on Friday. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05. The company has a market cap of $2.35 billion and a P/E ratio of 20.97. The business has a fifty day simple moving average of $15.68 and a 200 day simple moving average of $17.65.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The business had revenue of $1.34 billion during the quarter. As a group, equities research analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Grupo Aeromexico

In related news, insider Aaron James Murray sold 350,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares in the company, valued at $2,524,282.80. This represents a 17.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AERO shares. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Barclays cut 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. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. cut 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. Finally, Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Grupo Aeromexico has an average rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Company 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.