Fourth Sail Capital LP Makes New Investment in Grupo Aeromexico $AERO

Fourth Sail Capital LP acquired a new position in shares of Grupo Aeromexico (NYSE:AERO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,100,000 shares of the company’s stock, valued at approximately $24,156,000. Grupo Aeromexico accounts for approximately 3.9% of Fourth Sail Capital LP’s holdings, making the stock its 11th largest holding. Fourth Sail Capital LP owned about 0.81% of Grupo Aeromexico at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Grupo Aeromexico during the 4th quarter worth about $6,698,000. Baupost Group LLC MA acquired a new stake in Grupo Aeromexico during the 4th quarter worth about $106,620,000. Contrarian Capital Management L.L.C. acquired a new stake in Grupo Aeromexico during the 4th quarter worth about $14,740,000. Marshall Wace LLP acquired a new stake in Grupo Aeromexico during the 4th quarter worth about $8,887,000. Finally, Soros Fund Management LLC acquired a new stake in Grupo Aeromexico during the 4th quarter worth about $2,745,000.

Insider Buying and Selling

In related news, insider Aaron James Murray sold 600,000 shares of the stock in a transaction that occurred 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 owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AERO. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Barclays dropped 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 research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.21.

Grupo Aeromexico Stock Performance

NYSE:AERO opened at $17.33 on Friday. The stock’s 50 day moving average price is $15.74 and its 200 day moving average price is $17.65. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05. The company has a market capitalization of $2.36 billion and a P/E ratio of 21.13.

Grupo Aeromexico (NYSE:AERO) last released 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. As a group, sell-side analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

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.