U S Global Investors Inc. Purchases Shares of 107,017 LATAM Airlines Group S.A. $LTM

U S Global Investors Inc. purchased a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM) in the second quarter, Holdings Channel reports. The firm purchased 107,017 shares of the transportation company’s stock, valued at approximately $4,349,000.

A number of other hedge funds have also recently bought and sold shares of LTM. GAMMA Investing LLC boosted its holdings in LATAM Airlines Group by 4,184.2% during the 1st quarter. GAMMA Investing LLC now owns 25,962 shares of the transportation company’s stock worth $830,000 after acquiring an additional 25,356 shares during the last quarter. Rhumbline Advisers boosted its holdings in 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 acquiring an additional 1,700 shares during the last quarter. Aubrey Capital Management Ltd purchased a new position in LATAM Airlines Group during the 1st quarter worth $8,802,000. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 604 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in 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 acquiring an additional 73,400 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a report on Wednesday. Wall Street Zen downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, LATAM Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $38.00.

LATAM Airlines Group Stock Down 3.2%

NYSE LTM opened at $41.53 on Friday. The company has a market cap of $12.55 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 0.42 and a beta of 3.60. LATAM Airlines Group S.A. has a 52 week low of $25.39 and a 52 week high of $52.54. The firm’s 50-day simple moving average is $46.19 and its two-hundred day simple moving average is $39.53.

LATAM Airlines Group 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.