LATAM Airlines Group (NYSE:LTM) Sets New 52-Week High - Still a Buy?

LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $41.08 and last traded at $40.86, with a volume of 310763 shares changing hands. The stock had previously closed at $40.64.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. 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 MarketBeat, LATAM Airlines Group currently has a consensus rating of "Buy" and a consensus target price of $38.00.

LATAM Airlines Group Stock Down 0.1%

The stock has a market cap of $12.62 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.69 and a beta of 3.58. The company's 50 day moving average price is $36.83 and its 200-day moving average price is $32.28.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.57. LATAM Airlines Group had a return on equity of 148.44% and a net margin of 8.25%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.39 billion. Equities research analysts anticipate that LATAM Airlines Group S.A. will post 3.37 earnings per share for the current year.

LATAM Airlines Group Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, April 29th. Investors of record on Monday, April 14th were paid a $0.6104 dividend. This is a positive change from LATAM Airlines Group's previous -- dividend of $0.09. This represents a dividend yield of 3.5%. The ex-dividend date was Monday, April 14th. LATAM Airlines Group's payout ratio is currently 17.98%.

Hedge Funds Weigh In On LATAM Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new stake in LATAM Airlines Group in the 4th quarter worth about $1,754,597,000. Deutsche Bank AG increased its position in shares of LATAM Airlines Group by 24.5% during the 4th quarter. Deutsche Bank AG now owns 2,035,000 shares of the transportation company's stock valued at $56,125,000 after purchasing an additional 400,000 shares during the last quarter. Farallon Capital Management LLC raised its stake in shares of LATAM Airlines Group by 105.9% during the 4th quarter. Farallon Capital Management LLC now owns 618,469 shares of the transportation company's stock worth $17,057,000 after purchasing an additional 318,092 shares during the period. Aubrey Capital Management Ltd bought a new stake in shares of LATAM Airlines Group during the 1st quarter worth $8,802,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of LATAM Airlines Group by 91.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 153,660 shares of the transportation company's stock worth $4,806,000 after buying an additional 73,400 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.