LATAM Airlines Group S.A. $LTM Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD reduced its stake in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 63.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,257 shares of the transportation company’s stock after selling 12,637 shares during the quarter. TT International Asset Management LTD’s holdings in LATAM Airlines Group were worth $362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ninety One UK Ltd grew its stake in LATAM Airlines Group by 36.1% during the third quarter. Ninety One UK Ltd now owns 2,457,525 shares of the transportation company’s stock worth $122,606,000 after buying an additional 651,218 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of LATAM Airlines Group by 184.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,267,200 shares of the transportation company’s stock valued at $62,650,000 after buying an additional 822,400 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in shares of LATAM Airlines Group by 168.5% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 881,976 shares of the transportation company’s stock worth $43,605,000 after acquiring an additional 553,513 shares during the period. Ninety One North America Inc. lifted its holdings in shares of LATAM Airlines Group by 1.6% during the 3rd quarter. Ninety One North America Inc. now owns 629,861 shares of the transportation company’s stock worth $31,424,000 after acquiring an additional 9,750 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of LATAM Airlines Group by 641.9% during the 1st quarter. Bank of America Corp DE now owns 346,402 shares of the transportation company’s stock worth $17,126,000 after acquiring an additional 299,710 shares during the period.

LATAM Airlines Group Stock Down 1.8%

Shares of LTM stock opened at $43.89 on Wednesday. LATAM Airlines Group S.A. has a twelve month low of $41.44 and a twelve month high of $70.42. The company has a market cap of $12.60 billion, a P/E ratio of 8.01, a P/E/G ratio of 1.11 and a beta of 3.87. The business has a fifty day simple moving average of $49.54 and a 200 day simple moving average of $52.74.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.31. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.52 billion. As a group, equities research analysts anticipate that LATAM Airlines Group S.A. will post 4.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LTM shares. Zacks Research lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings upgraded shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 26th. Finally, Wall Street Zen downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently 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.