Fox Run Management L.L.C. Buys Shares of 11,661 LATAM Airlines Group S.A. $LTM

Fox Run Management L.L.C. bought a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,661 shares of the transportation company’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of LATAM Airlines Group during the 1st quarter valued at about $3,061,000. Goldman Sachs Group Inc. boosted its stake in 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 valued at $1,259,000 after acquiring an additional 23,044 shares during the period. Rhumbline Advisers grew its holdings in shares of LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,700 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of LATAM Airlines Group during the 2nd quarter worth approximately $909,000. Finally, SG Americas Securities LLC acquired a new stake in shares of LATAM Airlines Group during the 2nd quarter worth approximately $595,000.

LATAM Airlines Group Trading Down 3.8%

Shares of NYSE:LTM opened at $56.05 on Friday. The company has a 50 day moving average of $59.47 and a 200-day moving average of $51.30. The firm has a market cap of $16.94 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.37 and a beta of 3.89. LATAM Airlines Group S.A. has a twelve month low of $26.36 and a twelve month high of $70.42.

LATAM Airlines Group (NYSE:LTM) last announced its earnings results on Tuesday, February 3rd. The transportation company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.35 by $0.34. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.81 billion. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%. Equities research analysts forecast that LATAM Airlines Group S.A. will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. The Goldman Sachs Group set a $64.10 price objective on shares of LATAM Airlines Group and gave the stock a “neutral” rating in a report on Thursday, February 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 price objective (up from $56.00) on shares of LATAM Airlines Group in a research report on Friday, February 20th. Finally, Barclays reissued an “overweight” rating and set a $75.00 target price (up from $60.00) on shares of LATAM Airlines Group in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.70.

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.