35,689 Shares in Grupo Aeromexico $AERO Bought by Sagil Capital LLP

Sagil Capital LLP bought a new position in Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,689 shares of the company’s stock, valued at approximately $784,000. Grupo Aeromexico accounts for 0.2% of Sagil Capital LLP’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AERO. Strategic Value Partners LLC acquired a new position in Grupo Aeromexico in the 4th quarter worth $208,318,000. Nuveen LLC acquired a new position in Grupo Aeromexico in the 4th quarter worth $22,019,000. Fiera Capital Corp acquired a new position in Grupo Aeromexico in the 4th quarter worth $8,931,000. Norges Bank acquired a new position in Grupo Aeromexico in the 4th quarter worth $8,784,000. Finally, Compass Rose Asset Management LP acquired a new position in Grupo Aeromexico in the 4th quarter worth $8,021,000.

Grupo Aeromexico Price Performance

Shares of NYSE:AERO opened at $17.20 on Friday. The company’s 50-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 stock has a market capitalization of $2.35 billion and a PE ratio of 20.97.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The firm had revenue of $1.34 billion for the quarter. On average, 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 350,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00. Following the sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at $2,524,282.80. The trade was a 17.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 12.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AERO. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Barclays reduced their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.