BNP Paribas Financial Markets Sells 131,748 Shares of LATAM Airlines Group S.A. $LTM

BNP Paribas Financial Markets decreased its holdings in LATAM Airlines Group S.A. (NYSE:LTM) by 20.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 501,373 shares of the transportation company’s stock after selling 131,748 shares during the quarter. BNP Paribas Financial Markets’ holdings in LATAM Airlines Group were worth $27,079,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LTM. Farther Finance Advisors LLC lifted its position in LATAM Airlines Group by 49.1% in the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 246 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of LATAM Airlines Group in the 4th quarter worth $78,000. Tower Research Capital LLC TRC bought a new stake in shares of LATAM Airlines Group in the 2nd quarter worth $90,000. Rhumbline Advisers grew its stake in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LATAM Airlines Group by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock worth $129,000 after acquiring an additional 391 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LTM shares. Barclays reduced their target price on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $72.60 target price on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Finally, Morgan Stanley upgraded shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $61.00 to $60.00 in a research note on Thursday, March 26th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.52.

LATAM Airlines Group Stock Performance

LTM opened at $49.62 on Friday. The firm has a market cap of $14.24 billion, a P/E ratio of 8.54, a PEG ratio of 1.41 and a beta of 3.62. The firm has a 50-day moving average of $50.40 and a 200 day moving average of $53.36. LATAM Airlines Group S.A. has a fifty-two week low of $36.64 and a fifty-two week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.66. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.96 billion. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. Equities research analysts predict that LATAM Airlines Group S.A. will post 4.22 earnings per share for the current fiscal year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.