LATAM Airlines Group (NYSE:LTM) Hits New 12-Month High - Should You Buy?

Key Points

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LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $45.35 and last traded at $45.21, with a volume of 1397599 shares changing hands. The stock had previously closed at $44.13.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, LATAM Airlines Group has a consensus rating of "Buy" and an average target price of $39.00.

LATAM Airlines Group Price Performance

The firm has a 50-day simple moving average of $41.91 and a 200 day simple moving average of $36.04. The company has a market capitalization of $14.52 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.47 and a beta of 3.58.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Liontrust Investment Partners LLP raised its position in LATAM Airlines Group by 15.3% in the second quarter. Liontrust Investment Partners LLP now owns 6,722 shares of the transportation company's stock valued at $273,000 after purchasing an additional 891 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of LATAM Airlines Group during the second quarter worth about $90,000. Lazard Asset Management LLC purchased a new stake in shares of LATAM Airlines Group during the second quarter worth about $500,000. Engineers Gate Manager LP increased its position in shares of LATAM Airlines Group by 12.6% during the second quarter. Engineers Gate Manager LP now owns 18,668 shares of the transportation company's stock worth $759,000 after acquiring an additional 2,082 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of LATAM Airlines Group by 17.2% during the second quarter. Cubist Systematic Strategies LLC now owns 163,511 shares of the transportation company's stock worth $6,645,000 after acquiring an additional 24,033 shares during the last quarter.

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.