Aubrey Capital Management Ltd Raises Stake in LATAM Airlines Group S.A. $LTM

Aubrey Capital Management Ltd boosted its holdings in LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,153 shares of the transportation company's stock after acquiring an additional 53,753 shares during the quarter. LATAM Airlines Group comprises about 4.9% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 5th biggest holding. Aubrey Capital Management Ltd owned 0.11% of LATAM Airlines Group worth $13,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LTM. Rhumbline Advisers raised its position in LATAM Airlines Group by 113.8% in the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock worth $100,000 after acquiring an additional 1,700 shares in the last quarter. Blue Trust Inc. raised 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 worth $61,000 after buying an additional 604 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in LATAM Airlines Group by 91.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 153,660 shares of the transportation company's stock worth $4,806,000 after buying an additional 73,400 shares during the period. Penserra Capital Management LLC acquired a new stake in LATAM Airlines Group during the 1st quarter worth about $295,000. Finally, Advisors Preferred LLC acquired a new stake in LATAM Airlines Group during the 1st quarter worth about $761,000.

LATAM Airlines Group Price Performance

NYSE:LTM opened at $44.30 on Friday. LATAM Airlines Group S.A. has a fifty-two week low of $25.96 and a fifty-two week high of $52.54. The stock's 50-day moving average is $46.24 and its two-hundred day moving average is $39.92. The stock has a market cap of $13.39 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.43 and a beta of 3.60.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LTM shares. Weiss Ratings restated a "hold (c)" rating on shares of LATAM Airlines Group in a report on Wednesday, October 8th. Zacks Research downgraded LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Wall Street Zen downgraded LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.00.

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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