Two Sigma Investments LP Has $304,000 Stake in LATAM Airlines Group SA (LFL)

Two Sigma Investments LP decreased its stake in shares of LATAM Airlines Group SA (NYSE:LFL) by 34.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,211 shares of the transportation company’s stock after selling 19,532 shares during the period. Two Sigma Investments LP’s holdings in LATAM Airlines Group SA were worth $304,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Global X Management Co. LLC boosted its position in LATAM Airlines Group SA by 0.4% in the third quarter. Global X Management Co. LLC now owns 13,128 shares of the transportation company’s stock valued at $107,000 after buying an additional 52 shares during the last quarter. Capstone Asset Management Co. boosted its position in LATAM Airlines Group SA by 3.9% in the third quarter. Capstone Asset Management Co. now owns 41,455 shares of the transportation company’s stock valued at $337,000 after buying an additional 1,570 shares during the last quarter. Comerica Bank boosted its position in LATAM Airlines Group SA by 12.9% in the fourth quarter. Comerica Bank now owns 30,873 shares of the transportation company’s stock valued at $285,000 after buying an additional 3,534 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LATAM Airlines Group SA by 2.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 166,932 shares of the transportation company’s stock worth $1,355,000 after buying an additional 4,700 shares in the last quarter. Finally, Exane Derivatives boosted its position in shares of LATAM Airlines Group SA by 19.7% in the third quarter. Exane Derivatives now owns 83,531 shares of the transportation company’s stock worth $678,000 after buying an additional 13,759 shares in the last quarter. Institutional investors and hedge funds own 3.46% of the company’s stock.

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

Shares of LATAM Airlines Group SA (NYSE:LFL) traded up 0.76% during trading on Thursday, reaching $13.25. 251,281 shares of the company were exchanged. The stock has a market capitalization of $8.03 billion, a P/E ratio of 104.33 and a beta of 1.63. The firm has a 50-day moving average price of $11.99 and a 200-day moving average price of $9.84. LATAM Airlines Group SA has a 1-year low of $5.81 and a 1-year high of $13.72.

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A number of brokerages recently commented on LFL. Zacks Investment Research cut LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Goldman Sachs Group Inc raised LATAM Airlines Group SA from a “sell” rating to a “neutral” rating and raised their target price for the stock from $8.40 to $13.00 in a report on Friday, April 7th. TheStreet raised LATAM Airlines Group SA from a “d+” rating to a “c-” rating in a report on Tuesday, March 28th. Credit Suisse Group AG set a $9.00 price target on LATAM Airlines Group SA and gave the company a “hold” rating in a report on Saturday, March 18th. Finally, JPMorgan Chase & Co. initiated coverage on LATAM Airlines Group SA in a report on Wednesday, January 11th. They set a “hold” rating and a $10.00 price target on the stock. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.18.

LATAM Airlines Group SA Company Profile

LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.

5 Day Chart for NYSE:LFL

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