Aaron James Murray Sells 355,600 Shares of Grupo Aeromexico (NYSE:AERO) Stock

Key Points

• Insider sale: Aaron James Murray sold 355,600 Grupo Aeromexico shares for approximately $561,848, reducing his stake by 21.98% to 1,262,530 shares. He also sold 950,000 shares in May.
• Recent performance: The stock fell 1.6% to $15.60, while Grupo Aeromexico reported quarterly revenue of $1.48 billion and an adjusted loss of $0.40 per share, missing analyst expectations.
• Analyst outlook: Despite mixed ratings—including upgrades and downgrades—the stock carries a consensus “Moderate Buy” rating with an average price target of $28.06.

Grupo Aeromexico (NYSE:AERO - Get Free Report) insider Aaron James Murray sold 355,600 shares of Grupo Aeromexico stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the sale, the insider owned 1,262,530 shares in the company, valued at $1,994,797.40. This represents a 21.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Aaron James Murray also recently made the following trade(s):

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.56, for a total value of $546,000.00.
• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.51, for a total value of $906,000.00.

Grupo Aeromexico Trading Down 1.6%

AERO traded down $0.25 on Friday, hitting $15.60. The company had a trading volume of 134,354 shares, compared to its average volume of 357,816. The firm has a market cap of $2.13 billion and a P/E ratio of 37.25. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The company's fifty day moving average price is $16.46 and its 200 day moving average price is $16.47.

Grupo Aeromexico (NYSE:AERO - Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.The company had revenue of $1.48 billion for the quarter. On average, analysts predict that Grupo Aeromexico will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AERO. Bank of America Corp DE increased its position in shares of Grupo Aeromexico by 25.8% during the first quarter. Bank of America Corp DE now owns 1,439,555 shares of the company's stock worth $20,168,000 after acquiring an additional 295,646 shares during the period. Oaktree Capital Management LP increased its holdings in Grupo Aeromexico by 5.1% during the 1st quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company's stock worth $55,601,000 after purchasing an additional 191,700 shares during the period. Rubric Capital Management LP acquired a new stake in Grupo Aeromexico in the 1st quarter valued at about $6,544,000. The Manufacturers Life Insurance Company purchased a new position in shares of Grupo Aeromexico in the 1st quarter valued at about $3,502,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Grupo Aeromexico during the first quarter worth about $56,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an "overweight" rating for the company in a research report on Friday, June 12th. Jefferies Financial Group assumed coverage on Grupo Aeromexico in a report on Thursday, June 18th. They issued a "hold" rating and a $20.00 price objective on the stock. Zacks Research raised Grupo Aeromexico from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Weiss Ratings cut Grupo Aeromexico from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Grupo Aeromexico from a "buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.06.

Grupo Aeromexico Company Profile

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.

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