Robeco Institutional Asset Management B.V. Acquires 155,553 Shares of LATAM Airlines Group S.A. $LTM

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in LATAM Airlines Group by 101.2%, acquiring an additional 155,553 shares in the second quarter, now owning a total of 309,213 shares worth approximately $12.6 million.
• Other institutional investors, such as Blue Trust Inc. and Rhumbline Advisers, have also raised their stakes significantly in LATAM Airlines, reflecting growing interest in the company's stock.
• LATAM Airlines Group has seen its stock rating fluctuate, with analysts giving it a mix of ratings, including a recent upgrade to "strong-buy" by Wall Street Zen, but downgraded to "hold" by Zacks Research.

Robeco Institutional Asset Management B.V. grew its holdings in LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 101.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 309,213 shares of the transportation company's stock after buying an additional 155,553 shares during the period. Robeco Institutional Asset Management B.V. owned 0.10% of LATAM Airlines Group worth $12,566,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LTM. Blue Trust Inc. raised its stake 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 acquiring an additional 604 shares during the period. Rhumbline Advisers increased its holdings in shares of LATAM Airlines Group by 113.8% in the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock valued at $100,000 after purchasing an additional 1,700 shares during the last quarter. Liontrust Investment Partners LLP acquired a new position in shares of LATAM Airlines Group in the first quarter valued at $182,000. Penserra Capital Management LLC bought a new position in shares of LATAM Airlines Group in the first quarter valued at about $295,000. Finally, XTX Topco Ltd acquired a new stake in shares of LATAM Airlines Group during the 1st quarter worth about $404,000.

LATAM Airlines Group Stock Performance

NYSE:LTM opened at $43.08 on Friday. LATAM Airlines Group S.A. has a 52 week low of $24.81 and a 52 week high of $52.54. The firm's 50-day simple moving average is $46.17 and its 200 day simple moving average is $39.23. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.42 and a beta of 3.60.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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. Weiss Ratings restated a "hold (c)" rating on shares of LATAM Airlines Group in a report on Saturday, September 27th. Finally, Zacks Research downgraded LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, LATAM Airlines Group has an average rating of "Moderate Buy" and a consensus price target of $38.00.

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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