LATAM Airlines Group S.A. (NYSE:LTM) Short Interest Update

LATAM Airlines Group S.A. (NYSE:LTMGet Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,797,135 shares, a decline of 47.2% from the June 30th total of 3,406,814 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 762,741 shares, the short-interest ratio is currently 2.4 days.

Analyst Ratings Changes

LTM has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $72.60 target price on shares of LATAM Airlines Group in a report on Tuesday, May 12th. Zacks Research raised shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a report on Friday, July 17th. JPMorgan Chase & Co. started coverage on shares of LATAM Airlines Group in a report on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of LATAM Airlines Group in a report on Thursday, June 18th. They set a “buy” rating and a $70.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, LATAM Airlines Group has an average rating of “Buy” and a consensus price target of $66.27.

Get Our Latest Stock Report on LTM

LATAM Airlines Group Stock Down 2.0%

Shares of LTM stock traded down $1.08 during trading on Friday, hitting $52.86. The company had a trading volume of 418,643 shares, compared to its average volume of 707,721. The stock’s 50-day moving average is $53.56 and its two-hundred day moving average is $53.98. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.08 and a beta of 3.61. LATAM Airlines Group has a 52 week low of $41.41 and a 52 week high of $70.42.

LATAM Airlines Group (NYSE:LTMGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.66. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.96 billion. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. On average, research analysts predict that LATAM Airlines Group will post 5.95 EPS for the current fiscal year.

Institutional Investors Weigh In On LATAM Airlines Group

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings 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 worth $40,000 after purchasing an additional 246 shares in the last quarter. Assetmark Inc. lifted its position in LATAM Airlines Group by 684.3% in the 1st quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock worth $64,000 after buying an additional 1,136 shares during the last quarter. Leonteq Securities AG purchased a new stake in LATAM Airlines Group in the fourth quarter worth approximately $78,000. Tower Research Capital LLC TRC purchased a new stake in LATAM Airlines Group in the second quarter worth approximately $90,000. Finally, GAMMA Investing LLC boosted its stake in LATAM Airlines Group by 26.2% in the second quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock worth $96,000 after buying an additional 342 shares in the last quarter.

LATAM Airlines Group Company Profile

(Get Free Report)

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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