Compass Rose Asset Management LP Invests $8.02 Million in Grupo Aeromexico $AERO

Compass Rose Asset Management LP bought a new position in Grupo Aeromexico (NYSE:AERO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 365,269 shares of the company’s stock, valued at approximately $8,021,000. Grupo Aeromexico comprises about 0.7% of Compass Rose Asset Management LP’s investment portfolio, making the stock its 16th biggest holding.

Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth about $3,968,000. Norges Bank bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth about $8,784,000. Zweig DiMenna Associates LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth about $1,976,000. Seven Grand Managers LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth about $3,294,000. Finally, Strategic Value Partners LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth about $208,318,000.

Grupo Aeromexico Stock Up 1.4%

Shares of NYSE AERO opened at $16.26 on Friday. The firm’s 50-day simple moving average is $15.42 and its 200 day simple moving average is $17.66. The company has a market cap of $2.22 billion and a price-to-earnings ratio of 19.82. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The company had revenue of $1.34 billion for the quarter. On average, equities analysts expect that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Insider Transactions at Grupo Aeromexico

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Barclays reduced their price target on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Company Profile

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.