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

Robeco Institutional Asset Management B.V. lifted its holdings in LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 91.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,660 shares of the transportation company's stock after buying an additional 73,400 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of LATAM Airlines Group worth $4,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in LATAM Airlines Group by 44.9% in the 1st quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company's stock valued at $61,000 after buying an additional 604 shares in the last quarter. Rhumbline Advisers boosted its position in shares of LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock valued at $100,000 after acquiring an additional 1,700 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of LATAM Airlines Group in the fourth quarter valued at about $212,000. Cubist Systematic Strategies LLC grew its holdings in shares of LATAM Airlines Group by 17.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 12,355 shares of the transportation company's stock valued at $341,000 after purchasing an additional 1,879 shares during the period. Finally, Jump Financial LLC acquired a new stake in LATAM Airlines Group during the fourth quarter worth about $378,000.

LATAM Airlines Group Stock Up 2.2%

NYSE:LTM traded up $0.90 on Wednesday, reaching $41.62. The company's stock had a trading volume of 227,014 shares, compared to its average volume of 465,369. LATAM Airlines Group S.A. has a 12-month low of $21.83 and a 12-month high of $41.65. The stock has a 50 day moving average price of $36.37 and a 200 day moving average price of $32.12. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.67 and a beta of 3.59.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.57. LATAM Airlines Group had a return on equity of 148.44% and a net margin of 8.25%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.39 billion. Equities research analysts expect that LATAM Airlines Group S.A. will post 3.37 EPS 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 given a dividend of $0.6104 per share. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from LATAM Airlines Group's previous -- dividend of $0.09. This represents a dividend yield of 3.5%. LATAM Airlines Group's dividend payout ratio (DPR) is currently 17.98%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $38.00.

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.