U S Global Investors Inc. Has $8.19 Million Position in LATAM Airlines Group S.A. $LTM

U S Global Investors Inc. lifted its holdings in LATAM Airlines Group S.A. (NYSE:LTM) by 89.1% in the 4th quarter, Holdings Channel reports. The firm owned 151,613 shares of the transportation company’s stock after buying an additional 71,429 shares during the quarter. LATAM Airlines Group accounts for 0.9% of U S Global Investors Inc.’s portfolio, making the stock its 29th biggest holding. U S Global Investors Inc.’s holdings in LATAM Airlines Group were worth $8,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of LATAM Airlines Group by 49.1% in the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of LATAM Airlines Group in the 2nd quarter valued at $90,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of LATAM Airlines Group by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 391 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of LATAM Airlines Group by 392.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,924 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of LATAM Airlines Group by 39.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 858 shares during the last quarter.

LATAM Airlines Group Price Performance

LATAM Airlines Group stock opened at $50.29 on Friday. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.44 and a beta of 3.93. LATAM Airlines Group S.A. has a fifty-two week low of $29.95 and a fifty-two week high of $70.42. The firm has a fifty day moving average price of $52.12 and a two-hundred day moving average price of $52.12.

LATAM Airlines Group (NYSE:LTM) last released its earnings results on Wednesday, February 4th. The transportation company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. As a group, sell-side analysts expect that LATAM Airlines Group S.A. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and set a $63.40 price objective for the company in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday. Barclays reduced their price objective on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Zacks Research lowered shares of LATAM Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Morgan Stanley raised shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $61.00 to $60.00 in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.10.

LATAM Airlines Group Company 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.