Grupo Aeromexico (NYSE:AERO) Announces Earnings Results

Grupo Aeromexico (NYSE:AERO) released its quarterly earnings results on Tuesday. The company reported $999.00 EPS for the quarter, Zacks reports.

Grupo Aeromexico Price Performance

Shares of NYSE:AERO traded down $0.59 during trading on Tuesday, hitting $15.91. The stock had a trading volume of 374,113 shares, compared to its average volume of 480,915. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The company has a market cap of $2.17 billion and a P/E ratio of 21.22. The company has a fifty day moving average of $16.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $301,000. Zimmer Partners LP bought a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $23,286,000. VR Advisory Services Ltd bought a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $259,000. Readystate Asset Management LP bought a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $3,009,000. Finally, Nut Tree Capital Management LP bought a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $130,652,000.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays lowered their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Finally, Weiss Ratings started coverage on shares of Grupo Aeromexico in a report on Tuesday, February 3rd. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.43.

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.