Fore Capital LLC Invests $167,000 in Azul S.A. (NYSE:AZUL)

Fore Capital LLC acquired a new position in Azul S.A. (NYSE:AZUL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Perpetual Ltd grew its holdings in Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock valued at $4,132,000 after buying an additional 119,023 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after acquiring an additional 75,291 shares during the last quarter. Centiva Capital LP grew its stake in Azul by 205.3% during the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after acquiring an additional 135,365 shares in the last quarter. XTX Topco Ltd bought a new stake in Azul in the 3rd quarter valued at $614,000. Finally, Raymond James Financial Inc. purchased a new stake in Azul in the 4th quarter worth $117,000. Institutional investors own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AZUL. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Raymond James dropped their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group lowered their price target on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.40.

Azul Trading Down 5.7 %

Azul stock opened at $1.74 on Thursday. Azul S.A. has a 12-month low of $1.57 and a 12-month high of $8.73. The firm has a 50-day moving average price of $2.03 and a 200-day moving average price of $2.45. The firm has a market capitalization of $731.43 million, a PE ratio of -0.24 and a beta of 1.98.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.