LATAM Airlines Group (NYSE:LTM) Rating Lowered to "Buy" at Wall Street Zen

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

LATAM Airlines Group Stock Performance

Shares of LATAM Airlines Group stock traded down $0.04 during trading hours on Friday, reaching $41.76. The company's stock had a trading volume of 299,133 shares, compared to its average volume of 467,274. LATAM Airlines Group has a one year low of $21.83 and a one year high of $42.30. The company has a market capitalization 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 stock's fifty day simple moving average is $37.05 and its two-hundred day simple moving average is $32.34.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last released its quarterly earnings data 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. As a group, research analysts forecast that LATAM Airlines Group will post 3.37 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of LATAM Airlines Group by 44.9% in the first quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company's stock valued at $61,000 after purchasing an additional 604 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of LATAM Airlines Group by 113.8% in the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock valued at $100,000 after purchasing an additional 1,700 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of LATAM Airlines Group by 17.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 12,355 shares of the transportation company's stock valued at $341,000 after purchasing an additional 1,879 shares during the last quarter. Liontrust Investment Partners LLP purchased a new stake in shares of LATAM Airlines Group in the first quarter valued at about $182,000. Finally, Quantinno Capital Management LP raised its holdings in shares of LATAM Airlines Group by 50.4% in the fourth quarter. Quantinno Capital Management LP now owns 20,403 shares of the transportation company's stock valued at $563,000 after purchasing 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.