LATAM Airlines Group (NYSE:LTM) Cut to Buy at Wall Street Zen

LATAM Airlines Group (NYSE:LTM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

LATAM Airlines Group Price Performance

NYSE:LTM traded up $0.48 during trading hours on Friday, hitting $41.67. The company had a trading volume of 488,438 shares, compared to its average volume of 467,237. The stock has a 50-day moving average price of $37.27 and a 200 day moving average price of $32.48. The company has a market capitalization of $12.59 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.68 and a beta of 3.58. LATAM Airlines Group has a 52 week low of $21.83 and a 52 week high of $42.30.

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 for the quarter, beating analysts' consensus estimates of $0.61 by $0.57. LATAM Airlines Group had a net margin of 8.25% and a return on equity of 148.44%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.39 billion. Analysts anticipate that LATAM Airlines Group will post 3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.