Long Focus Capital Management LLC Buys 905,463 Shares of Azul S.A. (NYSE:AZUL)

Long Focus Capital Management LLC grew its stake in shares of Azul S.A. (NYSE:AZUL - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,932,943 shares of the company's stock after purchasing an additional 905,463 shares during the period. Long Focus Capital Management LLC owned approximately 1.41% of Azul worth $9,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AZUL. Trellis Wealth Advisors LLC bought a new stake in Azul during the 4th quarter valued at approximately $32,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Azul during the fourth quarter valued at approximately $42,000. Inspire Advisors LLC boosted its position in shares of Azul by 16.6% during the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company's stock valued at $80,000 after purchasing an additional 6,844 shares in the last quarter. Marshall Wace LLP purchased a new stake in Azul in the fourth quarter worth $87,000. Finally, Van ECK Associates Corp raised its holdings in Azul by 16.3% in the fourth quarter. Van ECK Associates Corp now owns 63,338 shares of the company's stock worth $106,000 after purchasing an additional 8,899 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company's stock.

Azul Price Performance

NYSE AZUL traded down $0.09 during mid-day trading on Monday, reaching $0.74. The stock had a trading volume of 37,254,567 shares, compared to its average volume of 2,272,176. The company has a fifty day moving average price of $1.67 and a 200 day moving average price of $2.11. Azul S.A. has a 1 year low of $0.48 and a 1 year high of $6.64. The stock has a market cap of $311.54 million, a PE ratio of -0.10 and a beta of 1.59.

Analyst Upgrades and Downgrades

AZUL has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Azul from $2.70 to $2.40 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Raymond James cut their price objective on shares of Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Finally, Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.67.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.