Acadian Asset Management LLC Cuts Holdings in Avianca Holdings SA (AVH)

Acadian Asset Management LLC decreased its holdings in shares of Avianca Holdings SA (NYSE:AVH) by 69.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,834 shares of the transportation company’s stock after selling 640,370 shares during the quarter. Acadian Asset Management LLC owned approximately 0.34% of Avianca worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AVH. Donald Smith & CO. Inc. raised its stake in shares of Avianca by 189.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,355,772 shares of the transportation company’s stock worth $8,758,000 after purchasing an additional 887,658 shares during the last quarter. Millennium Management LLC grew its holdings in Avianca by 229.1% during the first quarter. Millennium Management LLC now owns 310,940 shares of the transportation company’s stock worth $2,634,000 after acquiring an additional 216,470 shares during the period. River & Mercantile Asset Management LLP grew its holdings in Avianca by 73.1% during the second quarter. River & Mercantile Asset Management LLP now owns 246,200 shares of the transportation company’s stock worth $1,586,000 after acquiring an additional 104,000 shares during the period. Russell Investments Group Ltd. grew its holdings in Avianca by 8.2% during the second quarter. Russell Investments Group Ltd. now owns 176,308 shares of the transportation company’s stock worth $1,138,000 after acquiring an additional 13,364 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Avianca by 173.4% during the first quarter. JPMorgan Chase & Co. now owns 138,076 shares of the transportation company’s stock worth $1,170,000 after acquiring an additional 87,566 shares during the period. Hedge funds and other institutional investors own 5.82% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Avianca from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 31st. JPMorgan Chase & Co. lowered Avianca from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $8.00 to $6.50 in a report on Friday, November 23rd. ValuEngine raised Avianca from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Finally, Bank of America lowered Avianca from a “neutral” rating to an “underperform” rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.42.

Avianca stock traded down $0.03 during trading hours on Wednesday, hitting $5.41. The stock had a trading volume of 88,662 shares, compared to its average volume of 66,434. Avianca Holdings SA has a 1-year low of $4.69 and a 1-year high of $9.76. The firm has a market capitalization of $417.13 million, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. The company has a debt-to-equity ratio of 6.44, a quick ratio of 0.53 and a current ratio of 0.58.

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Avianca Company Profile

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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Institutional Ownership by Quarter for Avianca (NYSE:AVH)

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