Liontrust Investment Partners LLP acquired a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,831 shares of the transportation company's stock, valued at approximately $182,000.
Other hedge funds have also modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in LATAM Airlines Group during the fourth quarter worth about $1,754,597,000. Deutsche Bank AG raised its stake in shares of LATAM Airlines Group by 24.5% in the fourth quarter. Deutsche Bank AG now owns 2,035,000 shares of the transportation company's stock worth $56,125,000 after acquiring an additional 400,000 shares during the last quarter. Farallon Capital Management LLC lifted its position in shares of LATAM Airlines Group by 105.9% during the fourth quarter. Farallon Capital Management LLC now owns 618,469 shares of the transportation company's stock worth $17,057,000 after purchasing an additional 318,092 shares in the last quarter. Aubrey Capital Management Ltd bought a new stake in shares of LATAM Airlines Group during the first quarter valued at approximately $8,802,000. Finally, Taconic Capital Advisors LP acquired a new position in shares of LATAM Airlines Group during the fourth quarter valued at $2,758,000.
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, August 2nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $39.00.
Get Our Latest Stock Analysis on LATAM Airlines Group
LATAM Airlines Group Stock Performance
LATAM Airlines Group stock traded up $0.0950 during mid-day trading on Thursday, reaching $45.3950. The company's stock had a trading volume of 630,214 shares, compared to its average volume of 641,119. The business's 50 day simple moving average is $41.59 and its 200 day simple moving average is $35.81. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.44 and a beta of 3.58. LATAM Airlines Group S.A. has a 12 month low of $23.59 and a 12 month high of $46.43.
LATAM Airlines Group Company Profile
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Free Report)
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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