LATAM Airlines Group S.A. (NYSE:LTM) Short Interest Update
by Doug Wharley · The Cerbat GemLATAM Airlines Group S.A. (NYSE:LTM – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,397,117 shares, a growth of 89.0% from the July 15th total of 1,797,135 shares. Based on an average daily volume of 663,105 shares, the short-interest ratio is currently 5.1 days. Currently, 1.3% of the company’s shares are sold short.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. initiated coverage on LATAM Airlines Group in a report on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $72.60 price objective on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Friday, July 17th. Zacks Research upgraded shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, LATAM Airlines Group currently has an average rating of “Buy” and a consensus price target of $66.27.
Get Our Latest Report on LATAM Airlines Group
LATAM Airlines Group Stock Down 0.5%
NYSE:LTM traded down $0.27 on Friday, hitting $52.15. The stock had a trading volume of 488,131 shares, compared to its average volume of 717,841. LATAM Airlines Group has a 52 week low of $41.41 and a 52 week high of $70.42. The business’s fifty day moving average is $54.21 and its 200 day moving average is $53.62. The company has a market cap of $14.97 billion, a PE ratio of 9.59, a P/E/G ratio of 1.15 and a beta of 3.62.
LATAM Airlines Group (NYSE:LTM – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%.The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.06 billion. Equities analysts predict that LATAM Airlines Group will post 5.46 earnings per share for the current fiscal year.
Institutional Trading of LATAM Airlines Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in shares of LATAM Airlines Group in the first quarter valued at approximately $3,061,000. Goldman Sachs Group Inc. grew its stake in shares of LATAM Airlines Group by 133.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock worth $1,259,000 after acquiring an additional 23,044 shares in 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. Quantbot Technologies LP bought a new position in shares of LATAM Airlines Group during the second quarter valued at about $402,000. Finally, First Trust Advisors LP grew its position in LATAM Airlines Group by 149.1% in the 2nd quarter. First Trust Advisors LP now owns 69,108 shares of the transportation company’s stock worth $2,809,000 after purchasing an additional 41,363 shares in the last quarter.
LATAM Airlines Group Company Profile
LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.
The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.