Public Employees Retirement System of Ohio Makes New $4.46 Million Investment in LATAM Airlines Group S.A. $LTM

Key Points

• The Public Employees Retirement System of Ohio invested approximately $4.46 million in LATAM Airlines Group S.A. during the second quarter, acquiring 109,683 shares of the company.
• Investment analyst ratings for LATAM Airlines Group have improved, with one upgrading the stock from "buy" to "strong-buy," and the company now has an average rating of "Buy" with a consensus price target of $39.00.
• LATAM Airlines Group's stock is currently trading at $44.65, with a 1-year low of $24.38 and a high of $52.54; the firm has a market capitalization of $13.49 billion.

Public Employees Retirement System of Ohio purchased a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 109,683 shares of the transportation company's stock, valued at approximately $4,458,000.

Several other hedge funds have also modified their holdings of LTM. Aubrey Capital Management Ltd acquired a new stake in shares of LATAM Airlines Group in the first quarter worth approximately $8,802,000. Cubist Systematic Strategies LLC raised its stake in shares of LATAM Airlines Group by 1,028.9% during the first quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company's stock valued at $4,363,000 after purchasing an additional 127,123 shares during the period. AQR Capital Management LLC purchased a new stake in shares of LATAM Airlines Group during the first quarter valued at approximately $3,061,000. Robeco Institutional Asset Management B.V. raised its stake in shares of LATAM Airlines Group by 91.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 153,660 shares of the transportation company's stock valued at $4,806,000 after purchasing an additional 73,400 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of LATAM Airlines Group by 4,184.2% during the first quarter. GAMMA Investing LLC now owns 25,962 shares of the transportation company's stock valued at $830,000 after purchasing an additional 25,356 shares during the period.

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 research note on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, LATAM Airlines Group has an average rating of "Buy" and a consensus price target of $39.00.

LATAM Airlines Group Price Performance

LTM stock opened at $44.65 on Tuesday. LATAM Airlines Group S.A. has a 1-year low of $24.38 and a 1-year high of $52.54. The firm has a fifty day moving average price of $46.01 and a two-hundred day moving average price of $38.95. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.43 and a beta of 3.59.

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.

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