LATAM Airlines Group (NYSE:LTM) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a report issued on Thursday, November 16th.
A number of other brokerages also recently commented on LTM. Zacks Investment Research downgraded shares of LATAM Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Bank of America restated a “neutral” rating on shares of LATAM Airlines Group in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.67.
Shares of LATAM Airlines Group (NYSE:LTM) traded down $0.04 during midday trading on Thursday, reaching $12.54. The company’s stock had a trading volume of 642,698 shares, compared to its average volume of 472,227. LATAM Airlines Group has a 52 week low of $8.07 and a 52 week high of $15.06. The stock has a market capitalization of $7,628.60, a price-to-earnings ratio of 52.42 and a beta of 1.55.
A number of institutional investors have recently modified their holdings of the business. FNY Partners Fund LP acquired a new stake in LATAM Airlines Group during the third quarter worth approximately $139,000. SG Americas Securities LLC raised its stake in shares of LATAM Airlines Group by 6.6% in the 2nd quarter. SG Americas Securities LLC now owns 13,122 shares of the transportation company’s stock valued at $145,000 after acquiring an additional 809 shares during the period. First Trust Advisors LP purchased a new position in shares of LATAM Airlines Group in the 3rd quarter valued at $209,000. Global X Management Co. LLC raised its stake in shares of LATAM Airlines Group by 6.5% in the 2nd quarter. Global X Management Co. LLC now owns 17,087 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,040 shares during the period. Finally, KCG Holdings Inc. increased its stake in LATAM Airlines Group by 58.9% during the 1st quarter. KCG Holdings Inc. now owns 18,758 shares of the transportation company’s stock worth $238,000 after buying an additional 6,953 shares during the period. 3.11% of the stock is owned by institutional investors.
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LATAM Airlines Group Company Profile
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.
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