Avianca (NYSE:AVH) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Avianca (NYSE:AVH) from a buy rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Avianca from a sell rating to a buy rating and set a $4.50 price target for the company in a report on Tuesday, July 30th.

Shares of AVH traded up $0.01 during midday trading on Thursday, hitting $3.92. The company had a trading volume of 53,065 shares, compared to its average volume of 108,438. The firm has a 50 day moving average price of $3.95. The stock has a market cap of $322.97 million, a PE ratio of 4.31 and a beta of 0.92. Avianca has a 52 week low of $2.88 and a 52 week high of $6.33. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 11.26.

Avianca (NYSE:AVH) last posted its quarterly earnings results on Thursday, May 16th. The transportation company reported ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.02. Avianca had a negative net margin of 1.79% and a negative return on equity of 10.46%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts predict that Avianca will post -0.25 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. boosted its stake in shares of Avianca by 11.4% during the first quarter. Donald Smith & CO. Inc. now owns 2,832,272 shares of the transportation company’s stock worth $11,612,000 after buying an additional 289,967 shares during the period. River & Mercantile Asset Management LLP raised its holdings in Avianca by 8.3% during the first quarter. River & Mercantile Asset Management LLP now owns 438,300 shares of the transportation company’s stock worth $1,795,000 after purchasing an additional 33,700 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Avianca by 231.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock worth $143,000 after purchasing an additional 24,664 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Avianca during the fourth quarter worth about $56,000. Finally, Two Sigma Investments LP purchased a new position in Avianca during the fourth quarter worth about $63,000. 5.90% of the stock is owned by institutional investors and hedge funds.

About Avianca

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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