Fourth Sail Capital LP Makes New $24.16 Million Investment in Grupo Aeromexico $AERO

Fourth Sail Capital LP bought a new position in shares of Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,100,000 shares of the company’s stock, valued at approximately $24,156,000. Grupo Aeromexico accounts for 3.9% of Fourth Sail Capital LP’s investment portfolio, making the stock its 11th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Grupo Aeromexico during the fourth quarter worth approximately $6,698,000. Baupost Group LLC MA bought a new stake in Grupo Aeromexico during the fourth quarter worth approximately $106,620,000. Contrarian Capital Management L.L.C. bought a new stake in Grupo Aeromexico during the fourth quarter worth approximately $14,740,000. Marshall Wace LLP bought a new stake in Grupo Aeromexico during the fourth quarter worth approximately $8,887,000. Finally, Soros Fund Management LLC bought a new stake in Grupo Aeromexico during the fourth quarter worth approximately $2,745,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AERO shares. 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. Wall Street Zen cut Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.21.

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron James Murray sold 350,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total value of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at approximately $2,524,282.80. This represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.82% of the company’s stock.

Grupo Aeromexico Trading Up 0.9%

AERO opened at $17.33 on Friday. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05. The stock has a market capitalization of $2.36 billion and a price-to-earnings ratio of 21.13. The business has a 50 day moving average of $15.74 and a 200-day moving average of $17.65.

Grupo Aeromexico (NYSE:AERO) last posted 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 company had revenue of $1.34 billion during the quarter. Equities analysts predict that Grupo Aeromexico will post 1.13 EPS for the current year.

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.