LATAM Airlines Group S.A. $LTM Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management raised its stake in LATAM by 87.3% in Q4, buying 474,593 shares to hold 1,018,218 shares (about 0.34% of the company) valued at roughly $54.99 million.
• Analyst sentiment is positive with a consensus of "Moderate Buy" and an average target of $62.10; Goldman Sachs and Citigroup upgraded to Buy while Barclays trimmed its target to $67 but maintained an overweight stance (four buys, two holds).
• LATAM recently reported an earnings beat — $1.69 EPS vs. $1.35 expected and $3.95B revenue vs. $3.81B expected — and the stock trades around $52.76 with a market cap of $15.94B and a 12‑month range of $28.56–$70.42.

Robeco Institutional Asset Management B.V. increased its holdings in LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 87.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,018,218 shares of the transportation company's stock after buying an additional 474,593 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.34% of LATAM Airlines Group worth $54,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in LATAM Airlines Group in the 2nd quarter worth approximately $90,000. Rhumbline Advisers increased its holdings in LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock worth $100,000 after buying an additional 1,700 shares during the period. PNC Financial Services Group Inc. increased its holdings in LATAM Airlines Group by 392.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,924 shares of the transportation company's stock worth $132,000 after buying an additional 2,330 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in LATAM Airlines Group by 39.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company's stock worth $137,000 after buying an additional 858 shares during the period. Finally, CWM LLC increased its holdings in LATAM Airlines Group by 2,004.2% in the 3rd quarter. CWM LLC now owns 3,493 shares of the transportation company's stock worth $158,000 after buying an additional 3,327 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LTM. Barclays cut their price target on shares of LATAM Airlines Group from $75.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, March 24th. The Goldman Sachs Group raised shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and set a $63.40 price objective on the stock in a research note on Monday. Zacks Research cut shares of LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LATAM Airlines Group in a research note on Thursday, January 22nd. Finally, Citigroup raised shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $53.00 to $58.00 in a research note on Tuesday, March 17th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.10.

LATAM Airlines Group Price Performance

Shares of NYSE LTM opened at $52.76 on Tuesday. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.42 and a beta of 3.93. LATAM Airlines Group S.A. has a 12 month low of $28.56 and a 12 month high of $70.42. The firm's 50 day simple moving average is $53.81 and its 200-day simple moving average is $51.71.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last announced its earnings results on Wednesday, February 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.81 billion. Analysts anticipate that LATAM Airlines Group S.A. will post 3.37 earnings per share for the current fiscal year.

LATAM Airlines Group 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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