U S Global Investors Inc. Has $6.73 Million Stock Holdings in LATAM Airlines Group S.A. $LTM

U S Global Investors Inc. decreased its position in LATAM Airlines Group S.A. (NYSE:LTM) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,140 shares of the transportation company’s stock after selling 15,473 shares during the period. U S Global Investors Inc.’s holdings in LATAM Airlines Group were worth $6,731,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LTM. Farther Finance Advisors LLC grew its holdings in shares of LATAM Airlines Group by 49.1% during the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 246 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of LATAM Airlines Group during the fourth quarter valued at approximately $78,000. Tower Research Capital LLC TRC acquired a new position in shares of LATAM Airlines Group in the second quarter valued at $90,000. Rhumbline Advisers raised its stake in shares of LATAM Airlines Group by 113.8% in the first 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in LATAM Airlines Group by 19.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock worth $129,000 after purchasing an additional 391 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $72.60 price objective on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. JPMorgan Chase & Co. assumed coverage on shares of LATAM Airlines Group in a report on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of LATAM Airlines Group in a research report on Thursday, June 18th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Morgan Stanley raised shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $61.00 to $60.00 in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $66.27.

LATAM Airlines Group Price Performance

Shares of LATAM Airlines Group stock traded down $0.49 during midday trading on Friday, hitting $56.55. 913,935 shares of the company were exchanged, compared to its average volume of 737,459. The firm has a 50 day simple moving average of $52.55 and a 200-day simple moving average of $54.26. The firm has a market cap of $16.24 billion, a P/E ratio of 9.73, a PEG ratio of 1.35 and a beta of 3.61. LATAM Airlines Group S.A. has a 52 week low of $40.52 and a 52 week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.66. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%.The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Equities research analysts expect that LATAM Airlines Group S.A. will post 5.03 earnings per share 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.