Banco de Sabadell S.A Cuts Stake in LATAM Airlines Group SA (LTM)

Banco de Sabadell S.A lowered its holdings in LATAM Airlines Group SA (NYSE:LTM) by 31.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,151 shares of the transportation company’s stock after selling 20,777 shares during the quarter. Banco de Sabadell S.A’s holdings in LATAM Airlines Group were worth $462,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its stake in shares of LATAM Airlines Group by 11.1% in the second quarter. Pinebridge Investments L.P. now owns 65,381 shares of the transportation company’s stock worth $647,000 after acquiring an additional 6,545 shares during the period. Northern Trust Corp boosted its holdings in LATAM Airlines Group by 2.4% during the first quarter. Northern Trust Corp now owns 615,815 shares of the transportation company’s stock worth $9,478,000 after buying an additional 14,397 shares in the last quarter. KBC Group NV boosted its holdings in LATAM Airlines Group by 38.3% during the second quarter. KBC Group NV now owns 72,995 shares of the transportation company’s stock worth $722,000 after buying an additional 20,229 shares in the last quarter. UBS Group AG boosted its holdings in LATAM Airlines Group by 82.1% during the first quarter. UBS Group AG now owns 51,283 shares of the transportation company’s stock worth $789,000 after buying an additional 23,125 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in LATAM Airlines Group during the second quarter worth $243,000. Hedge funds and other institutional investors own 2.40% of the company’s stock.

Shares of NYSE LTM opened at $9.21 on Friday. LATAM Airlines Group SA has a 1 year low of $8.41 and a 1 year high of $17.39. The firm has a market cap of $5.24 billion, a P/E ratio of 35.42 and a beta of 1.95.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Monday, August 20th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.06). LATAM Airlines Group had a return on equity of 5.45% and a net margin of 2.27%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.46 billion. analysts anticipate that LATAM Airlines Group SA will post 0.41 EPS for the current fiscal year.

LTM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of LATAM Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Goldman Sachs Group initiated coverage on shares of LATAM Airlines Group in a report on Monday, July 16th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, ValuEngine raised shares of LATAM Airlines Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. LATAM Airlines Group currently has an average rating of “Sell” and an average target price of $15.00.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

Read More: Return on Investment (ROI)

Institutional Ownership by Quarter for LATAM Airlines Group (NYSE:LTM)

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