LATAM Airlines Group S.A. $LTM Stake Boosted by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda raised its position in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 3,884.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 935,321 shares of the transportation company’s stock after buying an additional 911,847 shares during the quarter. LATAM Airlines Group accounts for 3.5% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 9th largest position. SPX Gestao de Recursos Ltda owned about 0.31% of LATAM Airlines Group worth $42,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of LATAM Airlines Group by 23.2% during the third quarter. Dimensional Fund Advisors LP now owns 169,647 shares of the transportation company’s stock valued at $7,674,000 after acquiring an additional 31,906 shares during the period. Monashee Investment Management LLC grew its position in LATAM Airlines Group by 68.8% during the 3rd quarter. Monashee Investment Management LLC now owns 135,000 shares of the transportation company’s stock worth $6,109,000 after purchasing an additional 55,000 shares in the last quarter. R Squared Ltd raised its stake in LATAM Airlines Group by 21.6% during the 3rd quarter. R Squared Ltd now owns 9,587 shares of the transportation company’s stock valued at $434,000 after purchasing an additional 1,704 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of LATAM Airlines Group in the third quarter valued at $528,000. Finally, May Hill Capital LLC purchased a new stake in shares of LATAM Airlines Group in the third quarter valued at $294,000.

LATAM Airlines Group Trading Down 1.2%

LTM opened at $47.99 on Friday. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.32 and a beta of 3.89. LATAM Airlines Group S.A. has a 1 year low of $26.36 and a 1 year high of $70.42. The stock has a fifty day moving average price of $59.05 and a 200 day moving average price of $51.45.

LATAM Airlines Group (NYSE:LTM) last issued its earnings results on Tuesday, February 3rd. The transportation company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.81 billion. As a group, sell-side analysts forecast that LATAM Airlines Group S.A. will post 3.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LTM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. Zacks Research upgraded LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Barclays reaffirmed 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. The Goldman Sachs Group set a $64.10 price target on shares of LATAM Airlines Group and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 price objective (up from $56.00) on shares of LATAM Airlines Group in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, LATAM Airlines Group currently has a consensus rating of “Moderate Buy” and an average price target of $68.70.

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.