Compass Rose Asset Management LP Buys New Shares in Grupo Aeromexico $AERO

Compass Rose Asset Management LP purchased a new stake in Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 365,269 shares of the company’s stock, valued at approximately $8,021,000. Grupo Aeromexico accounts for about 0.7% of Compass Rose Asset Management LP’s investment portfolio, making the stock its 16th largest position. Compass Rose Asset Management LP owned approximately 0.27% of Grupo Aeromexico as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Strategic Value Partners LLC acquired a new position in shares of Grupo Aeromexico during the fourth quarter valued at about $208,318,000. Seven Grand Managers LLC bought a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $3,294,000. Zweig DiMenna Associates LLC acquired a new stake in Grupo Aeromexico during the fourth quarter worth about $1,976,000. Norges Bank bought a new position in Grupo Aeromexico during the fourth quarter valued at about $8,784,000. Finally, Goldman Sachs Group Inc. bought a new position in Grupo Aeromexico during the fourth quarter valued at about $3,968,000.

Grupo Aeromexico Stock Performance

NYSE:AERO opened at $16.26 on Friday. The company has a 50-day moving average of $15.42 and a 200-day moving average of $17.66. The company has a market capitalization of $2.22 billion and a price-to-earnings ratio of 19.82. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. The company had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Sell-side analysts forecast that Grupo Aeromexico will post 1.13 EPS for the current year.

Insider Activity at Grupo Aeromexico

In other news, insider Aaron James Murray sold 600,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the sale, the insider owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AERO. Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Barclays cut their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. JPMorgan Chase & Co. cut their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.43.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.