Northern Trust Corp lifted its position in shares of LATAM Airlines Group SA (NYSE:LTM) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 673,915 shares of the transportation company’s stock after purchasing an additional 20,742 shares during the period. Northern Trust Corp’s holdings in LATAM Airlines Group were worth $6,941,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in LTM. Dimensional Fund Advisors LP boosted its position in LATAM Airlines Group by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,906,802 shares of the transportation company’s stock worth $36,759,000 after purchasing an additional 51,956 shares during the period. Citadel Advisors LLC purchased a new stake in LATAM Airlines Group during the 3rd quarter worth $822,000. Fox Run Management L.L.C. purchased a new stake in LATAM Airlines Group during the 4th quarter worth $240,000. Caxton Associates LP purchased a new stake in LATAM Airlines Group during the 3rd quarter worth $208,000. Finally, Canada Pension Plan Investment Board boosted its position in LATAM Airlines Group by 1,718.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,496 shares of the transportation company’s stock worth $117,000 after purchasing an additional 11,809 shares during the period. Institutional investors and hedge funds own 2.32% of the company’s stock.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of LATAM Airlines Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Bank of America cut shares of LATAM Airlines Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of LATAM Airlines Group from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, January 23rd. Finally, UBS Group raised shares of LATAM Airlines Group from a “sell” rating to a “buy” rating in a research report on Thursday, January 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.00.
LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings data on Wednesday, March 13th. The transportation company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. LATAM Airlines Group had a net margin of 1.98% and a return on equity of 5.46%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.82 billion. As a group, equities research analysts predict that LATAM Airlines Group SA will post 0.6 earnings per share for the current year.
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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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