Bank of Montreal Can cut its holdings in Azul SA (NYSE:AZUL) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,665 shares of the company’s stock after selling 6,906 shares during the quarter. Bank of Montreal Can’s holdings in Azul were worth $1,431,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in Azul by 595.0% in the third quarter. Wells Fargo & Company MN now owns 141,621 shares of the company’s stock worth $2,520,000 after acquiring an additional 121,244 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Azul by 32.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 774,496 shares of the company’s stock worth $13,962,000 after purchasing an additional 191,913 shares in the last quarter. FMR LLC increased its stake in Azul by 5.3% in the 3rd quarter. FMR LLC now owns 5,041,471 shares of the company’s stock worth $89,688,000 after purchasing an additional 253,415 shares in the last quarter. CI Investments Inc. purchased a new position in Azul in the 3rd quarter worth about $5,180,000. Finally, Capital Research Global Investors increased its stake in Azul by 440.3% in the 3rd quarter. Capital Research Global Investors now owns 7,542,415 shares of the company’s stock worth $134,180,000 after purchasing an additional 6,146,415 shares in the last quarter. Hedge funds and other institutional investors own 8.11% of the company’s stock.
Shares of AZUL opened at $30.46 on Thursday. The stock has a market capitalization of $9.54 billion, a P/E ratio of 20.05 and a beta of -0.61. Azul SA has a 1-year low of $15.53 and a 1-year high of $35.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 0.94.
A number of equities analysts recently weighed in on the company. UBS Group cut Azul from a “buy” rating to a “neutral” rating in a research note on Thursday, January 17th. Morgan Stanley raised Azul from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 10th. Zacks Investment Research reissued a “strong-buy” rating and issued a $30.00 price target on shares of Azul in a research note on Monday, December 31st. Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and set a $27.07 price target on the stock. in a research note on Sunday, December 9th. Finally, ValuEngine raised Azul from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.27.
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Azul Company Profile
Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
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