LATAM Airlines Group SA (NYSE:LFL) rose 4.1% during mid-day trading on Wednesday . The stock traded as high as $8.15 and last traded at $8.06, with a volume of 203,429 shares traded. The stock had previously closed at $7.74.

LFL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of LATAM Airlines Group SA from a “strong sell” rating to a “hold” rating in a research note on Saturday, September 10th. Bank of America Corp. raised shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th. Deutsche Bank AG raised shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and raised their price target for the company from $7.00 to $11.00 in a research note on Wednesday, July 20th. Morgan Stanley raised shares of LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $6.50 to $8.80 in a research note on Thursday, September 8th. Finally, Citigroup Inc. lowered shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. LATAM Airlines Group SA presently has an average rating of “Hold” and an average price target of $8.65.

The firm’s market capitalization is $4.49 billion. The company’s 50 day moving average price is $8.31 and its 200-day moving average price is $7.28.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/latam-airlines-group-sa-lfl-stock-price-up-4-1.html

A number of hedge funds and other institutional investors have recently bought and sold shares of LFL. Acadian Asset Management LLC raised its position in LATAM Airlines Group SA by 190.6% in the first quarter. Acadian Asset Management LLC now owns 357,217 shares of the company’s stock worth $2,502,000 after buying an additional 234,309 shares in the last quarter. Exane Derivatives raised its position in shares of LATAM Airlines Group SA by 3.9% in the first quarter. Exane Derivatives now owns 48,083 shares of the company’s stock worth $337,000 after buying an additional 1,827 shares during the period. BlackRock Group LTD raised its position in shares of LATAM Airlines Group SA by 7.0% in the first quarter. BlackRock Group LTD now owns 1,371,710 shares of the company’s stock worth $9,601,000 after buying an additional 89,988 shares during the period. BlackRock Fund Advisors raised its position in shares of LATAM Airlines Group SA by 4.1% in the first quarter. BlackRock Fund Advisors now owns 719,385 shares of the company’s stock worth $5,036,000 after buying an additional 28,409 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of LATAM Airlines Group SA by 227.3% in the first quarter. Canada Pension Plan Investment Board now owns 71,998 shares of the company’s stock worth $504,000 after buying an additional 50,000 shares during the period. Institutional investors own 3.27% of the company’s stock.

About LATAM Airlines Group SA

LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania.

5 Day Chart for NYSE:LFL

Receive News & Ratings for LATAM Airlines Group SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group SA and related companies with MarketBeat.com's FREE daily email newsletter.