Penserra Capital Management LLC Takes Position in LATAM Airlines Group S.A. (NYSE:LTM)

Penserra Capital Management LLC purchased a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,439 shares of the transportation company's stock, valued at approximately $295,000.

A number of other institutional investors have also added to or reduced their stakes in LTM. Blue Trust Inc. increased its position in shares of LATAM Airlines Group by 44.9% during the 1st quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company's stock valued at $61,000 after purchasing an additional 604 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock valued at $100,000 after buying an additional 1,700 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of LATAM Airlines Group by 17.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 12,355 shares of the transportation company's stock valued at $341,000 after buying an additional 1,879 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of LATAM Airlines Group by 50.4% during the 4th quarter. Quantinno Capital Management LP now owns 20,403 shares of the transportation company's stock valued at $563,000 after buying an additional 6,840 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of LATAM Airlines Group during the 4th quarter valued at about $212,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $38.00.

LATAM Airlines Group Stock Performance

LTM traded up $0.25 on Tuesday, hitting $41.85. 196,361 shares of the company were exchanged, compared to its average volume of 466,273. The firm has a fifty day simple moving average of $38.09 and a two-hundred day simple moving average of $32.88. LATAM Airlines Group S.A. has a 12 month low of $21.83 and a 12 month high of $43.17. The stock has a market capitalization of $12.65 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.69 and a beta of 3.58.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.57. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.39 billion. LATAM Airlines Group had a return on equity of 148.44% and a net margin of 8.25%. On average, equities analysts expect that LATAM Airlines Group S.A. will post 3.37 earnings per share for the current year.

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.