LATAM Airlines Group S.A. $LTM Shares Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd lifted its position in LATAM Airlines Group S.A. (NYSE:LTM) by 761.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,170 shares of the transportation company’s stock after purchasing an additional 1,918 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in LATAM Airlines Group were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in LATAM Airlines Group by 101.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 309,213 shares of the transportation company’s stock worth $12,566,000 after acquiring an additional 155,553 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in LATAM Airlines Group by 1,028.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company’s stock worth $4,363,000 after acquiring an additional 127,123 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in LATAM Airlines Group in the 2nd quarter worth $4,458,000. U S Global Investors Inc. purchased a new stake in LATAM Airlines Group in the 2nd quarter worth $4,349,000. Finally, AQR Capital Management LLC purchased a new stake in LATAM Airlines Group in the 1st quarter worth $3,061,000.

LATAM Airlines Group Trading Down 0.6%

Shares of LTM opened at $44.73 on Friday. LATAM Airlines Group S.A. has a 12-month low of $26.16 and a 12-month high of $52.54. The firm has a 50-day moving average price of $46.36 and a 200 day moving average price of $40.61. The firm has a market capitalization of $13.52 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.43 and a beta of 3.60.

Wall Street Analyst Weigh In

LTM has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a report on Wednesday, October 8th. Zacks Research lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, LATAM Airlines Group currently has an average rating of “Hold”.

About LATAM Airlines Group

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.