Traders Purchase Large Volume of Call Options on Azul (AZUL)

Azul SA (NYSE:AZUL) saw some unusual options trading on Friday. Traders purchased 1,261 call options on the company. This represents an increase of 1,271% compared to the average volume of 92 call options.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oaktree Capital Management LP increased its stake in Azul by 17.2% in the 3rd quarter. Oaktree Capital Management LP now owns 1,154,741 shares of the company’s stock worth $31,698,000 after purchasing an additional 169,100 shares in the last quarter. ThornTree Capital Partners LP purchased a new position in Azul in the 3rd quarter worth about $13,094,000. Acadian Asset Management LLC purchased a new position in Azul in the 4th quarter worth about $6,971,000. Bienville Capital Management LLC increased its stake in Azul by 142.1% in the 3rd quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock worth $7,083,000 after purchasing an additional 151,442 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Azul in the 3rd quarter worth about $4,458,000. 4.63% of the stock is currently owned by hedge funds and other institutional investors.

AZUL has been the topic of a number of recent research reports. Zacks Investment Research cut Azul from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub cut Azul from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 27th. Buckingham Research reiterated a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of Azul in a research note on Monday, September 25th. Finally, Bank of America began coverage on shares of Azul in a research note on Thursday, January 11th. They set a “buy” rating and a $24.78 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.56.

Shares of Azul (AZUL) opened at $26.89 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.75. Azul has a 1 year low of $19.43 and a 1 year high of $29.43.

Azul (NYSE:AZUL) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.29 by $0.30. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $0.04 earnings per share. Azul’s revenue was up 15.1% compared to the same quarter last year. equities analysts expect that Azul will post 0.88 EPS for the current year.

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Azul Company Profile

Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.

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