Fiera Capital Corp Purchases New Shares in Grupo Aeromexico $AERO

Fiera Capital Corp purchased a new stake in shares of Grupo Aeromexico (NYSE:AERO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 406,698 shares of the company’s stock, valued at approximately $8,931,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zweig DiMenna Associates LLC purchased a new position in Grupo Aeromexico during the fourth quarter valued at $1,976,000. RWC Asset Management LLP purchased a new position in Grupo Aeromexico during the fourth quarter valued at $2,731,000. Seven Grand Managers LLC purchased a new position in Grupo Aeromexico during the fourth quarter valued at $3,294,000. Goldman Sachs Group Inc. purchased a new position in Grupo Aeromexico during the fourth quarter valued at $3,968,000. Finally, Compass Rose Asset Management LP purchased a new position in Grupo Aeromexico during the fourth quarter valued at $8,021,000.

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the completion of the transaction, the insider owned 1,968,130 shares in the company, valued at $2,971,876.30. The trade was a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

AERO has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday. Barclays decreased their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. JPMorgan Chase & Co. decreased their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Finally, The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Aeromexico presently has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Price Performance

Shares of AERO stock opened at $15.89 on Tuesday. The firm’s 50-day moving average is $15.51 and its two-hundred day moving average is $17.66. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The company has a market capitalization of $2.17 billion and a PE ratio of 19.38.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The business had revenue of $1.34 billion during the quarter. Sell-side analysts forecast that Grupo Aeromexico will post 1.13 EPS for the current year.

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.