Azul Target of Unusually High Options Trading (NYSE:AZUL)

Azul S.A. (NYSE:AZUL - Get Free Report) was the target of some unusual options trading on Monday. Stock investors acquired 14,088 call options on the company. This is an increase of 198% compared to the average volume of 4,722 call options.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Long Focus Capital Management LLC increased its stake in Azul by 18.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock valued at $9,908,000 after acquiring an additional 905,463 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Azul during the fourth quarter valued at approximately $117,000. Kapitalo Investimentos Ltda raised its stake in shares of Azul by 505.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company's stock valued at $900,000 after purchasing an additional 449,855 shares in the last quarter. Marshall Wace LLP bought a new position in Azul in the fourth quarter worth $87,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Azul during the fourth quarter worth $42,000. Institutional investors and hedge funds own 0.82% of the company's stock.

Azul Stock Down 7.4 %

Azul stock traded down $0.05 during mid-day trading on Friday, reaching $0.65. The company had a trading volume of 5,038,988 shares, compared to its average volume of 2,714,363. The firm has a market cap of $274.65 million, a price-to-earnings ratio of -0.09 and a beta of 1.88. The company has a 50 day moving average of $1.45 and a 200-day moving average of $1.95. Azul has a 52 week low of $0.48 and a 52 week high of $6.64.

Analyst Ratings Changes

AZUL has been the subject of a number of recent analyst reports. Raymond James decreased their target price on Azul from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group lowered their target price on shares of Azul from $2.70 to $2.40 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Seven 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 has a consensus rating of "Hold" and an average price target of $4.67.

Azul Company Profile

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.