Goldman Sachs Group Inc. Boosts Position in LATAM Airlines Group S.A. $LTM

Key Points

• Goldman Sachs Group Inc. boosted its stake in LATAM Airlines Group S.A. by 133.9%, now holding a total of 40,258 shares valued at approximately $1.26 million.
• Several other institutional investors also increased their positions in LATAM Airlines, with notable purchases including Blue Trust Inc. and Liontrust Investment Partners, reflecting growing interest in the airline stock.
• Analysts recently upgraded LATAM Airlines from a "buy" to a "strong-buy" rating, with a consensus price target of $39.00 per share.

Goldman Sachs Group Inc. boosted its position in LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 133.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,258 shares of the transportation company's stock after purchasing an additional 23,044 shares during the quarter. Goldman Sachs Group Inc.'s holdings in LATAM Airlines Group were worth $1,259,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LTM. Northern Trust Corp bought a new position in LATAM Airlines Group in the fourth quarter worth about $942,000. Jefferies Financial Group Inc. acquired a new stake in shares of LATAM Airlines Group during the fourth quarter valued at about $1,754,597,000. Quantinno Capital Management LP increased its position in shares of LATAM Airlines Group by 50.4% during the fourth quarter. Quantinno Capital Management LP now owns 20,403 shares of the transportation company's stock valued at $563,000 after acquiring an additional 6,840 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of LATAM Airlines Group by 141.1% in the 4th quarter. Two Sigma Investments LP now owns 120,830 shares of the transportation company's stock valued at $3,332,000 after acquiring an additional 70,722 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of LATAM Airlines Group by 405.3% in the 4th quarter. Two Sigma Advisers LP now owns 47,500 shares of the transportation company's stock worth $1,310,000 after acquiring an additional 38,100 shares during the last quarter.

LATAM Airlines Group Stock Performance

Shares of LTM traded up $0.47 during midday trading on Monday, hitting $47.64. The company had a trading volume of 1,388,553 shares, compared to its average volume of 1,423,916. The company's 50-day simple moving average is $45.67 and its 200-day simple moving average is $38.50. The firm has a market capitalization of $14.40 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.46 and a beta of 3.59. LATAM Airlines Group S.A. has a 1 year low of $24.38 and a 1 year high of $52.54.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $39.00.

LATAM Airlines Group 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.