Zweig DiMenna Associates LLC Acquires New Shares in Grupo Aeromexico $AERO

Zweig DiMenna Associates LLC acquired a new stake in Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $1,976,000. Zweig DiMenna Associates LLC owned approximately 0.07% of Grupo Aeromexico as of its most recent SEC filing.

Separately, Strategic Value Partners LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter valued at $208,318,000.

Insiders Place Their Bets

In related news, insider Aaron James Murray sold 600,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the completion of the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.82% of the company’s stock.

Grupo Aeromexico Trading Down 2.8%

Shares of NYSE AERO opened at $17.08 on Friday. The firm has a market cap of $2.33 billion and a PE ratio of 20.83. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05. The company has a fifty day moving average price of $15.15 and a 200 day moving average price of $17.71.

Grupo Aeromexico (NYSE:AERO) last announced its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Equities research analysts forecast that Grupo Aeromexico will post 1.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AERO. JPMorgan Chase & Co. lowered their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Barclays reduced their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Aeromexico presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.