William Blair Investment Management LLC bought a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 702,358 shares of the transportation company’s stock, valued at approximately $37,930,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in LATAM Airlines Group by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the transportation company’s stock worth $169,000 after buying an additional 198 shares during the last quarter. Blue Trust Inc. grew its stake in LATAM Airlines Group by 3.6% during the 4th quarter. Blue Trust Inc. now owns 6,226 shares of the transportation company’s stock worth $336,000 after buying an additional 219 shares during the last quarter. Farther Finance Advisors LLC grew its stake in LATAM Airlines Group by 49.1% during the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after buying an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in LATAM Airlines Group by 19.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock worth $129,000 after buying an additional 391 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in LATAM Airlines Group by 39.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company’s stock worth $137,000 after buying an additional 858 shares during the last quarter.
LATAM Airlines Group Stock Performance
LATAM Airlines Group stock opened at $50.06 on Monday. The business’s 50-day simple moving average is $49.88 and its two-hundred day simple moving average is $52.89. The company has a market cap of $14.37 billion, a PE ratio of 8.62, a PEG ratio of 1.37 and a beta of 3.62. LATAM Airlines Group S.A. has a fifty-two week low of $36.50 and a fifty-two week high of $70.42.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. Barclays dropped their target price on LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Morgan Stanley upgraded LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $61.00 to $60.00 in a research note on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $72.60 price target on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.40.
Read Our Latest Analysis on LATAM Airlines Group
LATAM Airlines Group Profile
LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.
The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.
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