Azul (AZUL) Holdings Raised by Interval Partners LP
Interval Partners LP raised its holdings in Azul (NYSE:AZUL) by 9.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,722 shares of the company’s stock after acquiring an additional 4,722 shares during the quarter. Interval Partners LP’s holdings in Azul were worth $1,902,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in AZUL. Standard Life Aberdeen plc acquired a new stake in Azul in the fourth quarter valued at $28,581,000. Pendal Group Ltd acquired a new stake in Azul in the first quarter valued at $23,126,000. BlackRock Inc. lifted its holdings in Azul by 7.4% in the first quarter. BlackRock Inc. now owns 7,616,305 shares of the company’s stock valued at $264,667,000 after acquiring an additional 527,979 shares during the period. Renaissance Technologies LLC lifted its holdings in Azul by 140.1% in the fourth quarter. Renaissance Technologies LLC now owns 310,200 shares of the company’s stock valued at $7,392,000 after acquiring an additional 181,000 shares during the period. Finally, Prince Street Capital Management LLC acquired a new position in shares of Azul during the 4th quarter worth $4,229,000. 3.53% of the stock is owned by institutional investors.
Several research firms have recently issued reports on AZUL. Zacks Investment Research raised Azul from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, March 9th. ValuEngine raised Azul from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Buckingham Research reaffirmed a “buy” rating and set a $38.00 price target (up previously from $35.00) on shares of Azul in a research note on Friday, March 9th. Finally, UBS Group began coverage on Azul in a research note on Friday, February 16th. They set a “buy” rating and a $38.00 price target for the company. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Azul has an average rating of “Hold” and a consensus price target of $34.20.
Azul (NYSE:AZUL) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.26. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. Azul had a return on equity of 25.52% and a net margin of 8.40%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. analysts expect that Azul will post 1.3 EPS for the current fiscal year.
Azul SA operates as an airline company in Brazil. It provides passenger and cargo air transportation services. As of September 30, 2017, the company operated 755 daily flights to 104 destinations through a network of 197 non-stop routes with a fleet of 118 aircraft. Azul SA was incorporated in 2008 and is headquartered in Barueri, Brazil.
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