Strategic Value Partners LLC Buys New Holdings in Grupo Aeromexico $AERO

Strategic Value Partners LLC bought a new stake in shares of Grupo Aeromexico (NYSE:AERO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,486,266 shares of the company’s stock, valued at approximately $208,318,000. Grupo Aeromexico accounts for approximately 100.0% of Strategic Value Partners LLC’s investment portfolio, making the stock its biggest position. Strategic Value Partners LLC owned about 6.95% of Grupo Aeromexico at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

AERO has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Wall Street Zen upgraded Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Monday, May 11th. Finally, Barclays cut their price target on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Grupo Aeromexico Trading Up 5.3%

Shares of Grupo Aeromexico stock opened at $15.21 on Thursday. The stock has a market cap of $2.08 billion and a PE ratio of 18.55. The business has a 50 day moving average of $14.86. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05.

Grupo Aeromexico (NYSE:AERO) last announced its earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. The firm had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. Equities analysts expect that Grupo Aeromexico will post 1.13 EPS for the current year.

About Grupo Aeromexico

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.