Kiker Wealth Management LLC Buys New Stake in LATAM Airlines Group S.A. $LTM

Key Points

• Kiker Wealth Management LLC has acquired a new stake in LATAM Airlines Group S.A., purchasing 35,910 shares valued at approximately $1,459,000, which constitutes 0.8% of its investment portfolio.
• Multiple hedge funds have increased their stakes in LATAM Airlines, with Rhumbline Advisers raising its stake by 113.8%, now holding shares worth $100,000.
• Wall Street analysts have recently downgraded LATAM Airlines Group's rating, with Zacks Research moving it from "strong-buy" to "hold," while the company currently holds a consensus price target of $38.00.

Kiker Wealth Management LLC purchased a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,910 shares of the transportation company's stock, valued at approximately $1,459,000. LATAM Airlines Group makes up 0.8% of Kiker Wealth Management LLC's investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also bought and sold shares of LTM. Blue Trust Inc. lifted its holdings in LATAM Airlines Group by 44.9% during the first 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 in the last quarter. Rhumbline Advisers raised its stake in LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock worth $100,000 after purchasing an additional 1,700 shares during the period. Liontrust Investment Partners LLP purchased a new position in LATAM Airlines Group during the first quarter worth about $182,000. Penserra Capital Management LLC purchased a new position in LATAM Airlines Group during the first quarter worth about $295,000. Finally, XTX Topco Ltd acquired a new stake in shares of LATAM Airlines Group during the first quarter valued at about $404,000.

Wall Street Analysts Forecast Growth

LTM has been the subject of a number of recent analyst reports. Zacks Research cut shares of LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Wall Street Zen cut shares of LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of LATAM Airlines Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.00.

LATAM Airlines Group Trading Up 1.2%

Shares of NYSE:LTM opened at $42.08 on Tuesday. The company has a market capitalization of $12.72 billion, a PE ratio of 10.82, a P/E/G ratio of 0.40 and a beta of 3.60. LATAM Airlines Group S.A. has a twelve month low of $25.39 and a twelve month high of $52.54. The firm has a 50 day simple moving average of $46.17 and a 200-day simple moving average of $39.71.

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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