Sagil Capital LLP Takes $784,000 Position in Grupo Aeromexico $AERO

Sagil Capital LLP bought a new stake in Grupo Aeromexico (NYSE:AERO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 35,689 shares of the company’s stock, valued at approximately $784,000. Grupo Aeromexico accounts for about 0.2% of Sagil Capital LLP’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Value Partners LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $208,318,000. Monashee Investment Management LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $2,012,000. Seven Grand Managers LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $3,294,000. Compass Rose Asset Management LP bought a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $8,021,000. Finally, RWC Asset Management LLP bought a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $2,731,000.

Insiders Place Their Bets

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. This represents a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.82% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AERO shares. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. JPMorgan Chase & Co. dropped their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings cut shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Stock Up 6.9%

Grupo Aeromexico stock opened at $17.20 on Friday. The stock has a market cap of $2.35 billion and a P/E ratio of 20.97. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05. The company’s 50-day moving average price is $15.68 and its two-hundred day moving average price is $17.65.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Equities analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

About Grupo Aeromexico

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.