Grupo Aeromexico (NYSE:AERO) Cut to “Hold” at Wall Street Zen

Grupo Aeromexico (NYSE:AERO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. reduced their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Barclays reduced their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.43.

Grupo Aeromexico Trading Up 0.1%

NYSE:AERO opened at $16.16 on Friday. The firm has a market capitalization of $2.20 billion and a price-to-earnings ratio of 19.71. The firm’s fifty day simple moving average is $15.47 and its 200 day simple moving average is $17.65. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05.

Grupo Aeromexico (NYSE:AERO) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The business had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. On average, analysts predict that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Insider Activity

In other news, insider Aaron James Murray sold 350,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $1.56, for a total value of $546,000.00. Following the sale, the insider owned 1,618,130 shares in the company, valued at approximately $2,524,282.80. This represents a 17.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.82% of the company’s stock.

Institutional Investors Weigh In On Grupo Aeromexico

Institutional investors have recently modified their holdings of the stock. Compass Rose Asset Management LP acquired a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $8,021,000. Strategic Value Partners LLC acquired a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $208,318,000. Seven Grand Managers LLC acquired a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $3,294,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $1,976,000. Finally, Mariner Investment Group LLC acquired a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $3,717,000.

About Grupo Aeromexico

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.