24,467 Shares in LATAM Airlines Group S.A. (NYSE:LTM) Bought by Advisors Preferred LLC

Advisors Preferred LLC bought a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,467 shares of the transportation company's stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LTM. Blue Trust Inc. grew its holdings in 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 buying an additional 604 shares in the last quarter. Rhumbline Advisers grew its holdings in 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. Schonfeld Strategic Advisors LLC purchased a new stake in LATAM Airlines Group during the 4th quarter valued at approximately $212,000. Penserra Capital Management LLC purchased a new stake in LATAM Airlines Group during the 1st quarter valued at approximately $295,000. Finally, Cubist Systematic Strategies LLC grew its holdings in 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.

LATAM Airlines Group Trading Up 0.3%

Shares of LTM stock traded up $0.14 on Friday, reaching $41.84. The company's stock had a trading volume of 173,017 shares, compared to its average volume of 413,828. The stock's fifty day simple moving average is $39.62 and its 200-day simple moving average is $33.82. LATAM Airlines Group S.A. has a 1 year low of $21.83 and a 1 year high of $43.07. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.68 and a beta of 3.58.

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

Analyst Ratings Changes

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

LATAM Airlines Group Company Profile

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.