Baupost Group LLC MA Acquires Shares of 4,855,180 Grupo Aeromexico $AERO

Baupost Group LLC MA acquired a new stake in shares of Grupo Aeromexico (NYSE:AERO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,855,180 shares of the company’s stock, valued at approximately $106,620,000. Grupo Aeromexico comprises about 2.0% of Baupost Group LLC MA’s portfolio, making the stock its 18th biggest holding. Baupost Group LLC MA owned approximately 3.56% of Grupo Aeromexico at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Monashee Investment Management LLC bought a new position in Grupo Aeromexico during the 4th quarter valued at $2,012,000. Strategic Value Partners LLC bought a new position in Grupo Aeromexico during the 4th quarter valued at $208,318,000. Seven Grand Managers LLC bought a new position in Grupo Aeromexico during the 4th quarter valued at $3,294,000. Compass Rose Asset Management LP bought a new position in Grupo Aeromexico during the 4th quarter valued at $8,021,000. Finally, RWC Asset Management LLP bought a new position in Grupo Aeromexico during the 4th quarter valued at $2,731,000.

Analyst Upgrades and Downgrades

AERO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research note on Friday. Barclays reduced their price target on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.21.

Insider Activity

In other news, insider Aaron James Murray sold 600,000 shares of the firm’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 transaction, the insider directly owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.82% of the company’s stock.

Grupo Aeromexico Stock Performance

Grupo Aeromexico stock opened at $17.33 on Friday. The firm’s 50-day moving average is $15.74 and its 200-day moving average is $17.65. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The company has a market cap of $2.36 billion and a P/E ratio of 21.13.

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

Grupo Aeromexico 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.