Grupo Aeromexico (NYSE:AERO – Get Free Report) insider Aaron James Murray sold 355,600 shares of Grupo Aeromexico stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total transaction of $561,848.00. Following the transaction, the insider directly owned 1,262,530 shares of the company’s stock, valued at $1,994,797.40. This represents a 21.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Aaron James Murray also recently made the following trade(s):
- On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00.
- On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00.
Grupo Aeromexico Trading Down 1.0%
AERO stock opened at $15.69 on Friday. The stock has a 50-day moving average price of $16.45 and a 200-day moving average price of $16.47. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05. The firm has a market cap of $2.14 billion and a PE ratio of 37.36.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Jefferies Financial Group began coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They set a “hold” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a report on Friday, June 12th. Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Grupo Aeromexico from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Aeromexico has a consensus rating of “Moderate Buy” and a consensus target price of $28.06.
Check Out Our Latest Stock Report on AERO
Hedge Funds Weigh In On Grupo Aeromexico
Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Grupo Aeromexico in the 1st quarter valued at about $56,000. R Squared Ltd purchased a new stake in shares of Grupo Aeromexico in the first quarter worth about $163,000. Federated Hermes Inc. purchased a new stake in Grupo Aeromexico in the 4th quarter worth approximately $220,000. Sandia Investment Management LP purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Finally, Quarry LP bought a new position in shares of Grupo Aeromexico in the fourth quarter worth $232,000.
About Grupo Aeromexico
Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.
The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.
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