Deutsche Bank AG Purchases 54,366 Shares of LATAM Airlines Group SA (LTM)

Deutsche Bank AG grew its position in shares of LATAM Airlines Group SA (NYSE:LTM) by 202.7% during the 4th quarter, Holdings Channel reports. The firm owned 81,183 shares of the transportation company’s stock after acquiring an additional 54,366 shares during the period. Deutsche Bank AG’s holdings in LATAM Airlines Group were worth $835,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LTM. Bessemer Group Inc. bought a new position in shares of LATAM Airlines Group during the 4th quarter valued at about $69,000. Bank of America Corp DE increased its position in shares of LATAM Airlines Group by 68.3% during the 4th quarter. Bank of America Corp DE now owns 12,160 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 4,934 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of LATAM Airlines Group during the 4th quarter valued at about $139,000. Stone Ridge Asset Management LLC bought a new position in shares of LATAM Airlines Group during the 4th quarter valued at about $169,000. Finally, Candriam Luxembourg S.C.A. bought a new position in shares of LATAM Airlines Group during the 4th quarter valued at about $174,000. Hedge funds and other institutional investors own 2.32% of the company’s stock.

Shares of LTM stock opened at $8.75 on Friday. The stock has a market cap of $5.52 billion, a P/E ratio of 29.17, a P/E/G ratio of 0.42 and a beta of 1.29. LATAM Airlines Group SA has a 1-year low of $8.41 and a 1-year high of $13.63.

LATAM Airlines Group (NYSE:LTM) last issued its earnings results on Wednesday, March 13th. The transportation company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.82 billion. LATAM Airlines Group had a return on equity of 5.11% and a net margin of 1.98%. As a group, equities analysts predict that LATAM Airlines Group SA will post 0.5 earnings per share for the current fiscal year.

LTM has been the topic of several recent research reports. UBS Group upgraded LATAM Airlines Group from a “sell” rating to a “buy” rating in a research report on Thursday, January 17th. ValuEngine cut LATAM Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Zacks Investment Research upgraded LATAM Airlines Group from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, January 23rd. Finally, Bank of America cut LATAM Airlines Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 30th. Two 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. The company presently has a consensus rating of “Hold” and an average target price of $12.00.

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LATAM Airlines Group Profile

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

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