Bank of America Corp DE increased its position in Avianca Holdings S.A. (NYSE:AVH) by 33.7% during the first quarter, Holdings Channel reports. The firm owned 194,162 shares of the transportation company’s stock after buying an additional 48,887 shares during the period. Bank of America Corp DE’s holdings in Avianca Holdings were worth $1,497,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AVH. Renaissance Technologies LLC boosted its stake in Avianca Holdings by 95.1% in the first quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock worth $4,617,000 after buying an additional 291,948 shares during the period. James Investment Research Inc. boosted its stake in Avianca Holdings by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock worth $2,706,000 after buying an additional 134,778 shares during the period. Russell Investments Group Ltd. boosted its stake in Avianca Holdings by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock worth $1,167,000 after buying an additional 15,063 shares during the period. Oxford Asset Management bought a new stake in Avianca Holdings during the first quarter worth approximately $590,000. Finally, IPG Investment Advisors LLC bought a new stake in Avianca Holdings during the first quarter worth approximately $375,000. Institutional investors own 2.82% of the company’s stock.

Avianca Holdings S.A. (AVH) traded up 2.25% during trading on Wednesday, reaching $7.26. 44,060 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $7.00 and a 200-day moving average of $7.24. The stock has a market capitalization of $904.76 million, a PE ratio of 29.27 and a beta of 0.87. Avianca Holdings S.A. has a 52 week low of $6.13 and a 52 week high of $10.91.

The company also recently disclosed an annual dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were issued a $0.09 dividend. This is an increase from Avianca Holdings’s previous annual dividend of $0.03. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, July 25th. Avianca Holdings’s dividend payout ratio is presently 18.37%.

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A number of analysts recently commented on AVH shares. Zacks Investment Research cut shares of Avianca Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. J P Morgan Chase & Co cut shares of Avianca Holdings from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 24th. BidaskClub cut shares of Avianca Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Avian Securities lifted their target price on shares of Avianca Holdings from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, April 20th. Finally, Deutsche Bank AG cut shares of Avianca Holdings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $10.00 to $8.00 in a research note on Thursday, April 20th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Avianca Holdings presently has a consensus rating of “Hold” and a consensus price target of $9.25.

Avianca Holdings 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.

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Institutional Ownership by Quarter for Avianca Holdings (NYSE:AVH)

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