R Squared Ltd Invests $320,000 in LATAM Airlines Group S.A. $LTM

R Squared Ltd purchased a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,883 shares of the transportation company’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LTM. Rhumbline Advisers grew its stake in shares of LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,700 shares during the period. Blue Trust Inc. grew its stake in shares of LATAM Airlines Group by 44.9% during the 1st quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company’s stock worth $61,000 after purchasing an additional 604 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of LATAM Airlines Group by 91.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 153,660 shares of the transportation company’s stock worth $4,806,000 after purchasing an additional 73,400 shares during the period. Penserra Capital Management LLC acquired a new position in shares of LATAM Airlines Group during the 1st quarter worth $295,000. Finally, Advisors Preferred LLC acquired a new position in shares of LATAM Airlines Group during the 1st quarter worth $761,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LTM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Wednesday, October 8th. Zacks Research lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

LATAM Airlines Group Stock Down 0.6%

LATAM Airlines Group stock opened at $44.73 on Friday. LATAM Airlines Group S.A. has a 52 week low of $26.16 and a 52 week high of $52.54. The firm’s 50-day simple moving average is $46.36 and its 200 day simple moving average is $40.61. The firm has a market capitalization of $13.52 billion, a PE ratio of 11.50, a P/E/G ratio of 0.43 and a beta of 3.60.

LATAM Airlines Group Company Profile

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