1,298,388 Shares in Grupo Aeromexico $AERO Bought by 140 Summer Partners LP

140 Summer Partners LP bought a new stake in Grupo Aeromexico (NYSE:AERO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,298,388 shares of the company’s stock, valued at approximately $28,513,000. Grupo Aeromexico comprises about 2.1% of 140 Summer Partners LP’s portfolio, making the stock its 17th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Strategic Value Partners LLC bought 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 4th quarter valued at about $3,294,000. Zweig DiMenna Associates LLC purchased a new stake in Grupo Aeromexico during the 4th quarter valued at about $1,976,000. Norges Bank bought a new position in Grupo Aeromexico during the 4th quarter worth approximately $8,784,000. Finally, Goldman Sachs Group Inc. bought a new position in Grupo Aeromexico during the 4th quarter worth approximately $3,968,000.

Grupo Aeromexico Price Performance

Shares of NYSE:AERO opened at $17.40 on Wednesday. The company has a market capitalization of $2.37 billion and a P/E ratio of 21.22. The firm’s 50 day simple moving average is $15.87 and its two-hundred day simple moving average is $17.64. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05.

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

Insider Transactions at Grupo Aeromexico

In other Grupo Aeromexico news, insider Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock in a transaction on 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 directly owned 1,618,130 shares in the company, valued at approximately $2,524,282.80. The trade was a 17.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

A number of research analysts have commented on AERO shares. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a research report on Friday, June 12th. Barclays lowered their price target on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Finally, Weiss Ratings cut shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.21.

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.