65,709 Shares in LATAM Airlines Group S.A. $LTM Bought by Man Investment Partners US LP

Man Investment Partners US LP acquired a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 65,709 shares of the transportation company’s stock, valued at approximately $3,549,000. LATAM Airlines Group makes up 5.6% of Man Investment Partners US LP’s portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in LTM. Farther Finance Advisors LLC lifted its position in shares of LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 246 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of LATAM Airlines Group during the fourth quarter valued at approximately $78,000. Tower Research Capital LLC TRC purchased a new position in LATAM Airlines Group in the second quarter worth $90,000. Rhumbline Advisers grew its stake in LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of LATAM Airlines Group by 19.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 391 shares during the last quarter.

Analyst Upgrades and Downgrades

LTM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. assumed coverage on shares of LATAM Airlines Group in a report on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 price target on the stock. Citigroup raised shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $58.00 in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $72.60 target price on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.52.

LATAM Airlines Group Stock Up 0.3%

NYSE LTM opened at $55.05 on Wednesday. The company has a market cap of $15.81 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.55 and a beta of 3.62. LATAM Airlines Group S.A. has a 52 week low of $36.64 and a 52 week high of $70.42. The firm’s 50-day simple moving average is $50.72 and its two-hundred day simple moving average is $53.61.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.66. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities research analysts anticipate that LATAM Airlines Group S.A. will post 4.22 EPS for the current year.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi?brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low?cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.