Traders Buy Large Volume of Azul Put Options (NYSE:AZUL)

Azul S.A. (NYSE:AZUL - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 6,881 put options on the company. This is an increase of approximately 59% compared to the average daily volume of 4,337 put options.

Azul Stock Up 7.4 %

Shares of AZUL traded up $0.05 during trading hours on Friday, hitting $0.74. The company had a trading volume of 2,831,489 shares, compared to its average volume of 2,616,476. The firm has a market cap of $312.38 million, a price-to-earnings ratio of -0.10 and a beta of 1.59. The business has a fifty day moving average of $1.58 and a 200-day moving average of $2.06. Azul has a 12 month low of $0.48 and a 12 month high of $6.64.

Analyst Ratings Changes

A number of research firms recently issued reports on AZUL. Seaport Res Ptn downgraded Azul from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on Azul from $2.70 to $2.40 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Raymond James decreased their target price on shares of Azul from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Azul presently has a consensus rating of "Hold" and an average price target of $4.67.

Institutional Investors Weigh In On Azul

Several hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP grew its position in shares of Azul by 17.1% in the fourth quarter. Two Sigma Investments LP now owns 191,019 shares of the company's stock valued at $319,000 after purchasing an additional 27,949 shares during the last quarter. Kapitalo Investimentos Ltda grew its holdings in Azul by 505.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company's stock valued at $900,000 after buying an additional 449,855 shares in the last quarter. Two Sigma Securities LLC increased its position in Azul by 44.6% during the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company's stock worth $49,000 after buying an additional 9,038 shares during the period. Long Focus Capital Management LLC lifted its holdings in shares of Azul by 18.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock worth $9,908,000 after buying an additional 905,463 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Azul in the fourth quarter valued at about $87,000. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.