LATAM Airlines Group (NYSE:LTM) Raised to Strong-Buy at Wall Street Zen

Key Points

• LATAM Airlines Group has been upgraded from a "buy" rating to a "strong-buy" rating by Wall Street Zen, reflecting increased analyst confidence in the stock.
• In its latest quarterly earnings, LATAM reported earnings of $1.18 per share, significantly surpassing the consensus estimate of $0.61, with a revenue of $3.41 billion.
• Institutional investors have shown increased interest, with notable stakes acquired by firms like Blue Trust Inc., which increased its holdings by 44.9% during the first quarter.

LATAM Airlines Group (NYSE:LTM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

LATAM Airlines Group Trading Up 0.8%

Shares of LTM stock traded up $0.33 during trading hours on Friday, hitting $43.31. 174,917 shares of the company were exchanged, compared to its average volume of 522,519. The company has a market capitalization of $13.09 billion, a PE ratio of 11.12, a PEG ratio of 0.42 and a beta of 3.58. LATAM Airlines Group has a 52 week low of $22.86 and a 52 week high of $44.50. The business has a 50 day moving average of $40.18 and a two-hundred day moving average of $34.40.

Institutional Trading of LATAM Airlines Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new position in LATAM Airlines Group during the 1st quarter worth approximately $295,000. Robeco Institutional Asset Management B.V. boosted its stake 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 valued at $4,806,000 after purchasing an additional 73,400 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of LATAM Airlines Group during the 1st quarter valued at $761,000. Jefferies Financial Group Inc. acquired a new position in shares of LATAM Airlines Group during the 4th quarter valued at $1,754,597,000. Finally, Quantinno Capital Management LP raised its holdings in LATAM Airlines Group by 50.4% during the fourth quarter. Quantinno Capital Management LP now owns 20,403 shares of the transportation company's stock worth $563,000 after buying an additional 6,840 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.