107,017 Shares in LATAM Airlines Group S.A. $LTM Acquired by U S Global Investors Inc.

Key Points

• U S Global Investors Inc. has acquired 107,017 shares of LATAM Airlines Group S.A., valued at approximately $4.35 million, indicating growing institutional interest in the airline.
• Analyst ratings for LATAM Airlines have been adjusted, with Wall Street Zen and Zacks Research lowering their ratings from "strong-buy" to "buy" and "hold," respectively.
• LATAM Airlines Group stock has experienced a 3.2% decline, currently trading at $41.53, with a market cap of $12.55 billion and a 12-month high of $52.54.

U S Global Investors Inc. acquired a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 107,017 shares of the transportation company's stock, valued at approximately $4,349,000.

Other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its position in LATAM Airlines Group by 1,028.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company's stock worth $4,363,000 after purchasing an additional 127,123 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in LATAM Airlines Group by 101.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 309,213 shares of the transportation company's stock worth $12,566,000 after purchasing an additional 155,553 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in LATAM Airlines Group during the 2nd quarter worth approximately $4,458,000. Goldman Sachs Group Inc. increased its position in LATAM Airlines Group by 133.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company's stock worth $1,259,000 after purchasing an additional 23,044 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in LATAM Airlines Group in the 1st quarter valued at approximately $295,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a report on Saturday. Zacks Research lowered shares of LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of LATAM Airlines Group in a report on Wednesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, LATAM Airlines Group has an average rating of "Hold" and a consensus target price of $38.00.

LATAM Airlines Group Stock Down 3.2%

NYSE:LTM opened at $41.53 on Friday. The company has a fifty day moving average of $46.19 and a 200-day moving average of $39.53. The firm has a market capitalization of $12.55 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.42 and a beta of 3.60. LATAM Airlines Group S.A. has a twelve month low of $25.39 and a twelve month high of $52.54.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.

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