Avianca Holdings S.A. (NYSE:AVH) has earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.
A number of research firms have recently commented on AVH. ValuEngine upgraded Avianca Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. BidaskClub upgraded Avianca Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Avianca Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th.
Avianca Holdings (NYSE:AVH) traded down 0.78% on Thursday, reaching $7.62. The company’s stock had a trading volume of 21,303 shares. The firm has a market capitalization of $949.63 million, a PE ratio of 16.14 and a beta of 0.86. The stock’s 50 day moving average is $7.84 and its 200-day moving average is $7.29. Avianca Holdings has a 52 week low of $6.13 and a 52 week high of $10.91.
The company also recently declared an annual dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 24th will be paid a dividend of $0.1049 per share. This represents a yield of 1.35%. This is a positive change from Avianca Holdings’s previous annual dividend of $0.09. The ex-dividend date is Monday, October 23rd. Avianca Holdings’s payout ratio is currently 11.84%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in Avianca Holdings by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 15,063 shares during the period. Bank of America Corp DE increased its stake in Avianca Holdings by 33.7% during the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after acquiring an additional 48,887 shares during the period. Oxford Asset Management bought a new position in Avianca Holdings during the first quarter valued at about $590,000. Renaissance Technologies LLC increased its stake in Avianca Holdings by 95.1% during the first quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after acquiring an additional 291,948 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Avianca Holdings by 10.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock valued at $2,017,000 after acquiring an additional 30,039 shares during the period. Hedge funds and other institutional investors own 2.80% of the company’s stock.
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About Avianca Holdings
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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