U S Global Investors Inc. Has $8.19 Million Stake in LATAM Airlines Group S.A. $LTM

Key Points

• U S Global Investors Inc. increased its stake in LATAM by 89.1% in Q4 to 151,613 shares worth $8.19 million, representing about 0.05% of LATAM and 0.9% of US Global's portfolio (its 29th largest holding).
• Several analysts have moved more positive on LATAM — including Goldman Sachs upgrading to a Buy ($63.40 target) and Morgan Stanley to Overweight — leaving a MarketBeat consensus of Moderate Buy with an average target of $62.10.
• LATAM beat Q results with EPS $1.69 vs. $1.35 expected and revenue $3.95B vs. $3.81B, while shares trade near $50.29 with a P/E of 10.1 and a 12‑month range of $29.95–$70.42.

U S Global Investors Inc. increased its position in LATAM Airlines Group S.A. (NYSE:LTM - Free Report) by 89.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 151,613 shares of the transportation company's stock after purchasing an additional 71,429 shares during the period. LATAM Airlines Group comprises about 0.9% of U S Global Investors Inc.'s investment portfolio, making the stock its 29th biggest holding. U S Global Investors Inc. owned 0.05% of LATAM Airlines Group worth $8,189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in LATAM Airlines Group by 3.6% in the 4th quarter. Blue Trust Inc. now owns 6,226 shares of the transportation company's stock worth $336,000 after purchasing an additional 219 shares during the period. Farther Finance Advisors LLC boosted its stake in LATAM Airlines Group by 49.1% in the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company's stock worth $40,000 after purchasing an additional 246 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in LATAM Airlines Group by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company's stock worth $129,000 after purchasing an additional 391 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in LATAM Airlines Group by 39.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company's stock worth $137,000 after purchasing an additional 858 shares during the period. Finally, Rhumbline Advisers boosted its stake in LATAM Airlines Group by 37.6% in the 3rd quarter. Rhumbline Advisers now owns 4,394 shares of the transportation company's stock worth $199,000 after purchasing an additional 1,200 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LTM shares. The Goldman Sachs Group raised shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and set a $63.40 price objective for the company in a research note on Monday, April 13th. Zacks Research lowered shares of LATAM Airlines Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LATAM Airlines Group in a research note on Tuesday. Morgan Stanley raised shares of LATAM Airlines Group from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $61.00 to $60.00 in a research note on Thursday, March 26th. Finally, Barclays decreased their price objective on shares of LATAM Airlines Group from $75.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, LATAM Airlines Group presently has a consensus rating of "Moderate Buy" and an average target price of $62.10.

LATAM Airlines Group Stock Down 2.8%

Shares of NYSE:LTM opened at $50.29 on Friday. The firm has a fifty day moving average of $52.12 and a two-hundred day moving average of $52.12. The firm has a market capitalization of $15.20 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.44 and a beta of 3.93. LATAM Airlines Group S.A. has a 12-month low of $29.95 and a 12-month high of $70.42.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.34. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. Equities research analysts expect that LATAM Airlines Group S.A. will post 4.31 earnings per share for the current fiscal year.

LATAM Airlines Group Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.

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