Advisor Group Inc. Invests $195,000 in LATAM Airlines Group SA (LTM)

Advisor Group Inc. bought a new position in shares of LATAM Airlines Group SA (NYSE:LTM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,008 shares of the transportation company’s stock, valued at approximately $195,000.

Several other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of LATAM Airlines Group during the fourth quarter worth approximately $31,624,000. BlackRock Inc. acquired a new position in shares of LATAM Airlines Group during the fourth quarter worth approximately $30,027,000. Itau Unibanco Holding S.A. acquired a new position in shares of LATAM Airlines Group during the fourth quarter worth approximately $10,528,000. Acadian Asset Management LLC acquired a new position in shares of LATAM Airlines Group during the fourth quarter worth approximately $5,538,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of LATAM Airlines Group during the fourth quarter worth approximately $5,290,000. 3.05% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently weighed in on LTM shares. ValuEngine lowered LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Citigroup lowered LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised LATAM Airlines Group from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, December 26th. Finally, JPMorgan Chase lowered LATAM Airlines Group from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research report on Monday, March 19th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. LATAM Airlines Group has an average rating of “Hold” and an average target price of $16.50.

NYSE LTM opened at $15.63 on Friday. The firm has a market capitalization of $9,466.01, a P/E ratio of 60.12 and a beta of 1.75. LATAM Airlines Group SA has a 12 month low of $10.53 and a 12 month high of $17.39.

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LATAM Airlines Group 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.

Institutional Ownership by Quarter for LATAM Airlines Group (NYSE:LTM)

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