Monashee Investment Management LLC Makes New $2.01 Million Investment in Grupo Aeromexico $AERO

Monashee Investment Management LLC purchased a new position in shares of Grupo Aeromexico (NYSE:AERO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 91,619 shares of the company’s stock, valued at approximately $2,012,000. Grupo Aeromexico comprises about 1.1% of Monashee Investment Management LLC’s investment portfolio, making the stock its 28th biggest position. Monashee Investment Management LLC owned about 0.07% of Grupo Aeromexico at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Strategic Value Partners LLC acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $208,318,000. Nuveen LLC acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $22,019,000. Fiera Capital Corp acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $8,931,000. Norges Bank acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $8,784,000. Finally, Compass Rose Asset Management LP acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $8,021,000.

Grupo Aeromexico Price Performance

Shares of NYSE AERO opened at $17.20 on Friday. The stock’s fifty day moving average price is $15.68 and its two-hundred day moving average price is $17.65. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05. The firm has a market cap of $2.35 billion and a price-to-earnings ratio of 20.97.

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

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. This represents a 23.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.82% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AERO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen lowered Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Barclays decreased their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Aeromexico presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico 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.