Fiera Capital Corp Invests $8.93 Million in Grupo Aeromexico $AERO

Fiera Capital Corp bought a new position in shares of Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 406,698 shares of the company’s stock, valued at approximately $8,931,000. Fiera Capital Corp owned 0.30% of Grupo Aeromexico at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. RWC Asset Management LLP purchased a new position in shares of Grupo Aeromexico during the fourth quarter valued at approximately $2,731,000. Compass Rose Asset Management LP purchased a new stake in Grupo Aeromexico during the 4th quarter valued at $8,021,000. Goldman Sachs Group Inc. purchased a new stake in Grupo Aeromexico during the 4th quarter valued at $3,968,000. Norges Bank purchased a new stake in Grupo Aeromexico during the 4th quarter valued at $8,784,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Grupo Aeromexico during the 4th quarter valued at $1,976,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AERO. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. 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. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Barclays decreased their target price 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. Finally, Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday. 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 issued a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeromexico currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.43.

Grupo Aeromexico Trading Down 1.2%

NYSE AERO opened at $15.89 on Tuesday. The company has a fifty day simple moving average of $15.51 and a two-hundred day simple moving average of $17.66. The stock has a market cap of $2.17 billion and a P/E ratio of 19.38. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05.

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. The business 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%. As a group, sell-side analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction 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 trade represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.