River & Mercantile Asset Management LLP Purchases 158,400 Shares of Avianca Holdings SA (AVH)

River & Mercantile Asset Management LLP raised its position in Avianca Holdings SA (NYSE:AVH) by 64.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,600 shares of the transportation company’s stock after purchasing an additional 158,400 shares during the quarter. River & Mercantile Asset Management LLP owned approximately 0.49% of Avianca worth $2,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Donald Smith & CO. Inc. boosted its stake in shares of Avianca by 189.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,355,772 shares of the transportation company’s stock worth $8,758,000 after acquiring an additional 887,658 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Avianca by 5.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,403,510 shares of the transportation company’s stock worth $7,888,000 after acquiring an additional 71,294 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Avianca by 8.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 176,308 shares of the transportation company’s stock worth $1,138,000 after acquiring an additional 13,364 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in shares of Avianca by 79.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 24,208 shares of the transportation company’s stock worth $156,000 after acquiring an additional 10,740 shares in the last quarter. Hedge funds and other institutional investors own 5.82% of the company’s stock.

AVH opened at $5.34 on Friday. Avianca Holdings SA has a 52-week low of $4.69 and a 52-week high of $9.76. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 6.44. The stock has a market cap of $446.87 million, a PE ratio of 13.35, a P/E/G ratio of 1.43 and a beta of 0.68.

Several analysts have recently issued reports on AVH shares. Zacks Investment Research upgraded Avianca from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine upgraded Avianca from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. JPMorgan Chase & Co. downgraded Avianca from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $6.50 in a research note on Friday, November 23rd. Finally, Bank of America downgraded Avianca from a “neutral” rating to an “underperform” rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Avianca presently has an average rating of “Hold” and a consensus target price of $8.42.

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About Avianca

Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.

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Institutional Ownership by Quarter for Avianca (NYSE:AVH)

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