U S Global Investors Inc. Has $6.73 Million Stake in LATAM Airlines Group S.A. $LTM

U S Global Investors Inc. lowered its position in LATAM Airlines Group S.A. (NYSE:LTM) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,140 shares of the transportation company’s stock after selling 15,473 shares during the period. U S Global Investors Inc.’s holdings in LATAM Airlines Group were worth $6,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley grew its position in LATAM Airlines Group by 11.2% during the 4th quarter. Morgan Stanley now owns 2,091,845 shares of the transportation company’s stock worth $112,981,000 after acquiring an additional 211,261 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in LATAM Airlines Group in the fourth quarter worth $83,266,000. Arrowstreet Capital Limited Partnership boosted its stake in LATAM Airlines Group by 248.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock worth $67,181,000 after purchasing an additional 1,058,554 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of LATAM Airlines Group by 266.7% during the third quarter. Vanguard Group Inc. now owns 1,039,414 shares of the transportation company’s stock worth $47,033,000 after purchasing an additional 755,997 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of LATAM Airlines Group by 87.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,018,218 shares of the transportation company’s stock valued at $54,994,000 after buying an additional 474,593 shares in the last quarter.

LATAM Airlines Group Trading Down 0.9%

Shares of LTM traded down $0.49 during trading hours on Friday, hitting $56.55. 913,935 shares of the stock traded hands, compared to its average volume of 737,459. The business has a fifty day moving average of $52.55 and a 200-day moving average of $54.26. The firm has a market capitalization of $16.24 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.35 and a beta of 3.61. LATAM Airlines Group S.A. has a 1-year low of $40.52 and a 1-year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings data on Wednesday, May 6th. The transportation company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.66. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.96 billion. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%. As a group, equities research analysts expect that LATAM Airlines Group S.A. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LTM has been the subject of a number of research analyst reports. Wall Street Zen raised LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Morgan Stanley upgraded shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $61.00 to $60.00 in a research report on Thursday, March 26th. JPMorgan Chase & Co. began coverage on shares of LATAM Airlines Group in a research note on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 target price for the company. Barclays reduced their target price on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $72.60 price target on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $66.27.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.