LATAM Airlines Group (NYSE:LTM) Upgraded 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 research note issued on Saturday.

LATAM Airlines Group Stock Down 1.4%

Shares of LTM opened at $42.80 on Friday. The firm's fifty day moving average is $40.18 and its two-hundred day moving average is $34.29. The stock has a market cap of $12.94 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.43 and a beta of 3.58. LATAM Airlines Group has a 52-week low of $21.83 and a 52-week high of $43.70.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.57. The company had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.39 billion. LATAM Airlines Group had a net margin of 8.79% and a return on equity of 143.14%. As a group, research analysts anticipate that LATAM Airlines Group will post 3.37 earnings per share for the current year.

Institutional Trading of LATAM Airlines Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in LATAM Airlines Group by 44.9% during the first quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company's stock worth $61,000 after acquiring an additional 604 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in LATAM Airlines Group by 761.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company's stock valued at $88,000 after buying an additional 1,918 shares during the last quarter. Rhumbline Advisers boosted its stake in LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock worth $100,000 after buying an additional 1,700 shares during the period. Liontrust Investment Partners LLP acquired a new stake in shares of LATAM Airlines Group during the first quarter valued at about $182,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of LATAM Airlines Group in the 4th quarter valued at approximately $212,000.

About LATAM Airlines Group

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.

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