Avianca Holdings SA (NYSE:AVH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

Avianca Holdings SA (NYSE:AVH) traded up 1.75% during trading on Tuesday, hitting $6.99. The stock had a trading volume of 119,889 shares. Avianca Holdings SA has a 1-year low of $3.40 and a 1-year high of $7.65. The firm’s market capitalization is $871.11 million. The firm has a 50 day moving average price of $6.72 and a 200-day moving average price of $6.46.

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Several institutional investors have recently added to or reduced their stakes in AVH. US Bancorp DE boosted its position in Avianca Holdings SA by 2.7% in the second quarter. US Bancorp DE now owns 195,410 shares of the company’s stock valued at $1,203,000 after buying an additional 5,173 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Avianca Holdings SA during the second quarter valued at approximately $133,000. IPG Investment Advisors LLC boosted its position in Avianca Holdings SA by 187.8% in the third quarter. IPG Investment Advisors LLC now owns 41,730 shares of the company’s stock valued at $270,000 after buying an additional 27,230 shares during the period. JPMorgan Chase & Co. raised its stake in Avianca Holdings SA by 51.0% in the second quarter. JPMorgan Chase & Co. now owns 136,477 shares of the company’s stock valued at $841,000 after buying an additional 46,113 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in Avianca Holdings SA during the third quarter valued at about $881,000. Institutional investors own 4.36% of the company’s stock.

Avianca Holdings SA Company Profile

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

5 Day Chart for NYSE:AVH

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