LATAM Airlines Group (NYSE:LTM) Rating Lowered to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of LATAM Airlines Group (NYSE:LTM – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.

LATAM Airlines Group Price Performance

Shares of LTM opened at $50.24 on Friday. The firm has a 50 day simple moving average of $43.31 and a two-hundred day simple moving average of $36.78. LATAM Airlines Group has a one year low of $23.59 and a one year high of $50.90. The company has a market cap of $15.18 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.49 and a beta of 3.59.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in shares of LATAM Airlines Group in the 2nd quarter valued at approximately $951,000. Liontrust Investment Partners LLP increased its position in LATAM Airlines Group by 15.3% during the 2nd quarter. Liontrust Investment Partners LLP now owns 6,722 shares of the transportation company’s stock worth $273,000 after purchasing an additional 891 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in LATAM Airlines Group in the 2nd quarter valued at approximately $90,000. Lazard Asset Management LLC bought a new position in LATAM Airlines Group in the 2nd quarter valued at approximately $500,000. Finally, Engineers Gate Manager LP boosted its position in LATAM Airlines Group by 12.6% in the second quarter. Engineers Gate Manager LP now owns 18,668 shares of the transportation company’s stock valued at $759,000 after buying an additional 2,082 shares in the last quarter.

LATAM Airlines Group Company Profile

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LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.

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