Bank of Montreal Can cut its stake in Azul SA (NYSE:AZUL) by 49.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,221 shares of the company’s stock after selling 25,444 shares during the period. Bank of Montreal Can’s holdings in Azul were worth $766,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Azul during the fourth quarter valued at $258,000. Pasadena Private Wealth LLC acquired a new position in shares of Azul during the fourth quarter valued at $288,000. DNB Asset Management AS increased its holdings in shares of Azul by 4.8% during the first quarter. DNB Asset Management AS now owns 17,346 shares of the company’s stock valued at $507,000 after purchasing an additional 800 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Azul during the fourth quarter worth about $1,663,000. Finally, WCM Investment Management LLC acquired a new position in Azul during the fourth quarter worth about $2,195,000. 7.16% of the stock is currently owned by hedge funds and other institutional investors.
AZUL has been the topic of a number of research analyst reports. Buckingham Research lifted their target price on Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Zacks Investment Research lowered Azul from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Azul has an average rating of “Hold” and a consensus target price of $33.02.
NYSE:AZUL opened at $26.38 on Friday. The stock has a market cap of $8.32 billion, a P/E ratio of 16.59 and a beta of -0.75. Azul SA has a 52-week low of $15.53 and a 52-week high of $34.09. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.07.
Azul (NYSE:AZUL) last released its earnings results on Thursday, May 9th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. Azul had a return on equity of 15.84% and a net margin of 3.59%. Azul’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Sell-side analysts anticipate that Azul SA will post 1.75 earnings per share for the current fiscal year.
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Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
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