LATAM Airlines Group (NYSE:LTM) Shares Gap Up – What’s Next?

LATAM Airlines Group S.A. (NYSE:LTM)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $44.47, but opened at $46.74. LATAM Airlines Group shares last traded at $45.9350, with a volume of 674,087 shares.

Analysts Set New Price Targets

Several analysts recently weighed in on LTM shares. Zacks Research cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen downgraded LATAM Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

LATAM Airlines Group Stock Up 1.0%

The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.43 and a beta of 3.61. The stock has a 50 day simple moving average of $45.09 and a 200 day simple moving average of $42.38.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTM. Robeco Institutional Asset Management B.V. lifted its position in shares of LATAM Airlines Group by 101.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 309,213 shares of the transportation company’s stock valued at $12,566,000 after purchasing an additional 155,553 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in LATAM Airlines Group by 1,028.9% in the first quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company’s stock valued at $4,363,000 after purchasing an additional 127,123 shares during the last quarter. U S Global Investors Inc. bought a new position in LATAM Airlines Group during the second quarter valued at $4,349,000. Kiker Wealth Management LLC purchased a new stake in LATAM Airlines Group in the second quarter worth $1,459,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in LATAM Airlines Group in the second quarter worth $4,458,000.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.