XTX Topco Ltd Acquires Shares of 12,909 LATAM Airlines Group S.A. (NYSE:LTM)

Key Points

• XTX Topco Ltd invested approximately $404,000 in LATAM Airlines Group S.A., acquiring 12,909 shares during the first quarter of the year.
• Other institutional investors also increased their stakes, with notable acquisitions including Aubrey Capital Management Ltd's new position valued at about $8.8 million.
• LATAM Airlines Group received an upgrade from a "buy" to a "strong-buy" rating from Wall Street Zen, and analysts have set an average price target of $38.00 for the stock.

XTX Topco Ltd acquired a new position in shares of LATAM Airlines Group S.A. (NYSE:LTM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,909 shares of the transportation company's stock, valued at approximately $404,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in LATAM Airlines Group by 44.9% during the 1st quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company's stock worth $61,000 after purchasing an additional 604 shares in the last quarter. Rhumbline Advisers increased its position in LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock worth $100,000 after purchasing an additional 1,700 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in LATAM Airlines Group by 17.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 12,355 shares of the transportation company's stock valued at $341,000 after acquiring an additional 1,879 shares during the period. Quantinno Capital Management LP increased its position in LATAM Airlines Group by 50.4% in the 4th quarter. Quantinno Capital Management LP now owns 20,403 shares of the transportation company's stock valued at $563,000 after acquiring an additional 6,840 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in LATAM Airlines Group in the 4th quarter valued at approximately $212,000.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $38.00.

LATAM Airlines Group Trading Up 1.1%

NYSE LTM traded up $0.48 on Tuesday, hitting $43.22. 336,364 shares of the company were exchanged, compared to its average volume of 518,581. The company has a market cap of $13.06 billion, a PE ratio of 11.11, a PEG ratio of 0.42 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 $44.50. The stock has a fifty day moving average of $40.81 and a 200-day moving average of $35.05.

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.