Robeco Institutional Asset Management B.V. Grows Stock Holdings in LATAM Airlines Group S.A. $LTM

Robeco Institutional Asset Management B.V. lifted its position in LATAM Airlines Group S.A. (NYSE:LTM) by 75.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 543,625 shares of the transportation company’s stock after purchasing an additional 234,412 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.18% of LATAM Airlines Group worth $24,599,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of LATAM Airlines Group in the 1st quarter worth approximately $3,061,000. Goldman Sachs Group Inc. increased its holdings in shares of LATAM Airlines Group by 133.9% in the first quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock worth $1,259,000 after buying an additional 23,044 shares during the period. Rhumbline Advisers lifted its stake in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,700 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in LATAM Airlines Group during the 2nd quarter valued at about $4,458,000. Finally, Blue Trust Inc. grew its position in LATAM Airlines Group by 58.4% during the 2nd quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock worth $125,000 after acquiring an additional 1,138 shares during the last quarter.

Wall Street Analyst Weigh In

LTM has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Wednesday, October 8th. Zacks Research cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $58.50 price target on shares of LATAM Airlines Group in a report on Friday, December 5th. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Finally, Barclays set a $60.00 price target on LATAM Airlines Group and gave the company an “overweight” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

LATAM Airlines Group Stock Performance

LATAM Airlines Group stock opened at $57.56 on Friday. LATAM Airlines Group S.A. has a fifty-two week low of $26.18 and a fifty-two week high of $58.56. The stock’s 50 day simple moving average is $50.05 and its two-hundred day simple moving average is $46.36. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.40 and a beta of 3.88.

LATAM Airlines Group Company Profile

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.