James Investment Research Inc. reduced its position in shares of Avianca Holdings SA (NYSE:AVH) by 71.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,545 shares of the transportation company’s stock after selling 177,150 shares during the quarter. James Investment Research Inc.’s holdings in Avianca were worth $402,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Avianca by 173.4% in the 1st quarter. JPMorgan Chase & Co. now owns 138,076 shares of the transportation company’s stock valued at $1,170,000 after acquiring an additional 87,566 shares during the period. Russell Investments Group Ltd. grew its position in shares of Avianca by 7.7% in the 1st quarter. Russell Investments Group Ltd. now owns 162,944 shares of the transportation company’s stock valued at $1,380,000 after acquiring an additional 11,618 shares during the period. Millennium Management LLC grew its position in shares of Avianca by 229.1% in the 1st quarter. Millennium Management LLC now owns 310,940 shares of the transportation company’s stock valued at $2,634,000 after acquiring an additional 216,470 shares during the period. Allianz Asset Management GmbH bought a new position in shares of Avianca in the 1st quarter valued at about $252,000. Finally, River & Mercantile Asset Management LLP grew its position in shares of Avianca by 73.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 246,200 shares of the transportation company’s stock valued at $1,586,000 after acquiring an additional 104,000 shares during the period. Institutional investors and hedge funds own 5.67% of the company’s stock.
NYSE AVH opened at $5.40 on Tuesday. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.51 and a quick ratio of 0.47. Avianca Holdings SA has a 52-week low of $4.96 and a 52-week high of $9.76.
Avianca (NYSE:AVH) last posted its earnings results on Tuesday, August 14th. The transportation company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts forecast that Avianca Holdings SA will post 0.17 EPS for the current year.
The business also recently announced a monthly dividend, which was paid on Tuesday, October 9th. Stockholders of record on Friday, September 21st were paid a dividend of $0.056 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 12.44%. The ex-dividend date of this dividend was Thursday, September 20th. Avianca’s dividend payout ratio is presently 172.50%.
AVH has been the subject of a number of analyst reports. TheStreet downgraded shares of Avianca from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. Zacks Investment Research raised shares of Avianca from a “strong sell” rating to a “hold” rating in a research report on Monday, July 16th. ValuEngine raised shares of Avianca from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Finally, Bank of America downgraded shares of Avianca from a “neutral” rating to an “underperform” rating in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.19.
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Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.
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