Azul (NYSE:AZUL) Trading Down 2.7%

Azul S.A. (NYSE:AZUL) was down 2.7% during trading on Thursday . The company traded as low as $8.29 and last traded at $8.30. Approximately 949,696 shares were traded during trading, a decline of 24% from the average daily volume of 1,254,764 shares. The stock had previously closed at $8.53.

Azul Trading Down 8.9 %

The business has a 50-day moving average price of $7.77 and a 200 day moving average price of $8.54. The stock has a market capitalization of $3.28 billion, a P/E ratio of -5.89 and a beta of 1.85.

Institutional Trading of Azul

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its holdings in Azul by 3.0% during the 1st quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock valued at $196,134,000 after buying an additional 374,935 shares during the period. Frontier Capital Management Co. LLC increased its stake in Azul by 63.6% in the second quarter. Frontier Capital Management Co. LLC now owns 7,172,894 shares of the company’s stock worth $98,197,000 after purchasing an additional 2,787,899 shares during the period. Perpetual Ltd increased its stake in Azul by 3.9% in the third quarter. Perpetual Ltd now owns 3,014,802 shares of the company’s stock worth $25,897,000 after purchasing an additional 113,417 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Azul by 551.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 2,339,760 shares of the company’s stock worth $14,296,000 after purchasing an additional 1,980,852 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Azul by 293.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,040,666 shares of the company’s stock worth $7,441,000 after purchasing an additional 775,936 shares during the period. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Azul Company Profile

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.