LATAM Airlines Group S.A. $LTM Position Increased by UBS Group AG

UBS Group AG raised its position in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 610,678 shares of the transportation company’s stock after buying an additional 45,607 shares during the quarter. UBS Group AG’s holdings in LATAM Airlines Group were worth $32,983,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in LATAM Airlines Group by 3.6% during the fourth quarter. Blue Trust Inc. now owns 6,226 shares of the transportation company’s stock valued at $336,000 after buying an additional 219 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after buying an additional 246 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in LATAM Airlines Group by 19.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock valued at $129,000 after buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in LATAM Airlines Group by 39.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company’s stock valued at $137,000 after buying an additional 858 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in LATAM Airlines Group by 37.6% during the third quarter. Rhumbline Advisers now owns 4,394 shares of the transportation company’s stock valued at $199,000 after buying an additional 1,200 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on LTM. Citigroup raised shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $53.00 to $58.00 in a research note on Tuesday, March 17th. Zacks Research lowered shares of LATAM Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Barclays reduced their price objective on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group raised shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and set a $63.40 price target for the company in a research report on Monday, April 13th. Finally, Wall Street Zen lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.10.

LATAM Airlines Group Price Performance

NYSE LTM opened at $51.15 on Friday. The company has a 50 day simple moving average of $50.56 and a 200-day simple moving average of $52.57. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 1.43 and a beta of 3.62. LATAM Airlines Group S.A. has a 52-week low of $33.36 and a 52-week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.66. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.96 billion. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. On average, analysts predict that LATAM Airlines Group S.A. will post 4.31 EPS for the current year.

LATAM Airlines Group 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.