LATAM Airlines Group S.A. (NYSE:LTM) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 91.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,660 shares of the transportation company's stock after acquiring an additional 73,400 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of LATAM Airlines Group worth $4,806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in LATAM Airlines Group during the fourth quarter valued at about $1,754,597,000. Deutsche Bank AG lifted its position in shares of LATAM Airlines Group by 24.5% during the fourth quarter. Deutsche Bank AG now owns 2,035,000 shares of the transportation company's stock valued at $56,125,000 after buying an additional 400,000 shares during the last quarter. Farallon Capital Management LLC boosted its holdings in shares of LATAM Airlines Group by 105.9% in the 4th quarter. Farallon Capital Management LLC now owns 618,469 shares of the transportation company's stock valued at $17,057,000 after buying an additional 318,092 shares in the last quarter. Aubrey Capital Management Ltd bought a new stake in shares of LATAM Airlines Group in the 1st quarter valued at about $8,802,000. Finally, Two Sigma Investments LP grew its position 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 worth $3,332,000 after buying an additional 70,722 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $38.00.

LATAM Airlines Group Stock Performance

NYSE:LTM traded down $0.04 during mid-day trading on Friday, hitting $41.76. 299,133 shares of the company's stock traded hands, compared to its average volume of 467,274. The company has a fifty day moving average of $36.83 and a 200 day moving average of $32.28. LATAM Airlines Group S.A. has a twelve month low of $21.83 and a twelve month high of $42.30. The company has a market capitalization of $12.62 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.69 and a beta of 3.58.

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

LATAM Airlines Group Increases Dividend

The business also recently declared a -- dividend, which was paid on Tuesday, April 29th. Shareholders of record on Monday, April 14th were issued a $0.6104 dividend. The ex-dividend date was Monday, April 14th. This represents a dividend yield of 3.5%. This is a boost from LATAM Airlines Group's previous -- dividend of $0.09. LATAM Airlines Group's dividend payout ratio (DPR) is currently 17.98%.

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.