ABS Direct Equity Fund LLC Acquires Shares of 26,457 LATAM Airlines Group S.A. $LTM

Key Points

• ABS Direct Equity Fund LLC acquired a new stake of 26,457 shares of LATAM Airlines Group (NYSE:LTM) in Q4 worth about $1.43 million, representing ~1.7% of the fund and its 23rd-largest holding.
• LATAM beat Q4 estimates with $1.69 EPS (vs. $1.35 expected) and $3.95B in revenue, though the stock was down ~3.2% and trades at a PE of 9.43 with a 12‑month range of $30.88–$70.42.
• Analyst sentiment is largely positive after several upgrades (Citigroup, Goldman, Morgan Stanley), resulting in a MarketBeat average rating of "Moderate Buy" and an average target price of $62.10.

ABS Direct Equity Fund LLC acquired a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,457 shares of the transportation company's stock, valued at approximately $1,429,000. LATAM Airlines Group comprises approximately 1.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in LTM. Farther Finance Advisors LLC lifted its position in LATAM Airlines Group by 49.1% in the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company's stock valued at $40,000 after acquiring an additional 246 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in LATAM Airlines Group during the 2nd quarter valued at about $90,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in LATAM Airlines Group by 19.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company's stock worth $129,000 after purchasing an additional 391 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of LATAM Airlines Group by 392.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,924 shares of the transportation company's stock worth $132,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of LATAM Airlines Group by 39.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company's stock worth $137,000 after purchasing an additional 858 shares during the last quarter.

LATAM Airlines Group Stock Down 3.2%

LTM stock opened at $46.94 on Thursday. The firm has a market cap of $13.48 billion, a PE ratio of 9.43, a P/E/G ratio of 1.36 and a beta of 3.93. The business has a 50 day moving average of $51.21 and a 200-day moving average of $52.35. LATAM Airlines Group S.A. has a 12-month low of $30.88 and a 12-month high of $70.42.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, research analysts expect that LATAM Airlines Group S.A. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on LTM shares. Citigroup raised LATAM Airlines Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $53.00 to $58.00 in a research report on Tuesday, March 17th. Zacks Research cut LATAM Airlines Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LATAM Airlines Group in a report on Tuesday, April 21st. The Goldman Sachs Group upgraded shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and set a $63.40 target price for the company in a research note on Monday, April 13th. Finally, Morgan Stanley upgraded shares of LATAM Airlines Group from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $61.00 to $60.00 in a report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.10.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.

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