LATAM Airlines Group S.A. $LTM Holdings Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in LATAM Airlines Group S.A. (NYSE:LTM) by 71.4% during the third quarter, HoldingsChannel.com reports. The firm owned 414,896 shares of the transportation company’s stock after selling 1,038,025 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in LATAM Airlines Group were worth $20,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of LATAM Airlines Group by 184.9% during the first quarter. Renaissance Technologies LLC now owns 1,267,200 shares of the transportation company’s stock worth $62,650,000 after purchasing an additional 822,400 shares during the period. Ninety One UK Ltd lifted its stake in LATAM Airlines Group by 36.1% in the third quarter. Ninety One UK Ltd now owns 2,457,525 shares of the transportation company’s stock valued at $122,606,000 after buying an additional 651,218 shares during the period. SPX Gestao de Recursos Ltda lifted its stake in LATAM Airlines Group by 168.5% in the first quarter. SPX Gestao de Recursos Ltda now owns 881,976 shares of the transportation company’s stock valued at $43,605,000 after buying an additional 553,513 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. lifted its stake in LATAM Airlines Group by 1,478.6% in the second quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. now owns 326,007 shares of the transportation company’s stock valued at $18,996,000 after buying an additional 305,355 shares during the period. Finally, Bank of America Corp DE boosted its holdings in LATAM Airlines Group by 641.9% during the first quarter. Bank of America Corp DE now owns 346,402 shares of the transportation company’s stock worth $17,126,000 after buying an additional 299,710 shares during the last quarter.

LATAM Airlines Group Price Performance

NYSE LTM opened at $46.29 on Friday. The firm has a market cap of $13.29 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.17 and a beta of 3.64. The stock’s 50-day moving average is $50.64 and its 200-day moving average is $51.89. LATAM Airlines Group S.A. has a one year low of $43.00 and a one year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Equities analysts anticipate that LATAM Airlines Group S.A. will post 4.82 EPS for the current year.

Analyst Ratings Changes

LTM has been the topic of a number of recent analyst reports. Wall Street Zen cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings downgraded shares of LATAM Airlines Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.27.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.