LATAM Airlines Group S.A. $LTM is Olympus Peak Asset Management LP’s Largest Position

Olympus Peak Asset Management LP lessened its holdings in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,492,410 shares of the transportation company’s stock after selling 213,700 shares during the quarter. LATAM Airlines Group accounts for about 100.0% of Olympus Peak Asset Management LP’s investment portfolio, making the stock its largest holding. Olympus Peak Asset Management LP owned approximately 2.15% of LATAM Airlines Group worth $293,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LTM. Liontrust Investment Partners LLP grew its stake in LATAM Airlines Group by 15.3% during the second quarter. Liontrust Investment Partners LLP now owns 6,722 shares of the transportation company’s stock worth $273,000 after buying an additional 891 shares during the period. Rhumbline Advisers raised its stake in shares of LATAM Airlines Group by 37.6% in the 3rd quarter. Rhumbline Advisers now owns 4,394 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 1,200 shares during the period. Aubrey Capital Management Ltd raised its stake in shares of LATAM Airlines Group by 0.4% in the 3rd quarter. Aubrey Capital Management Ltd now owns 336,653 shares of the transportation company’s stock valued at $15,234,000 after acquiring an additional 1,500 shares during the period. R Squared Ltd lifted its holdings in shares of LATAM Airlines Group by 21.6% during the 3rd quarter. R Squared Ltd now owns 9,587 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 1,704 shares in the last quarter. Finally, Kiker Wealth Management LLC lifted its holdings in shares of LATAM Airlines Group by 5.5% during the 3rd quarter. Kiker Wealth Management LLC now owns 37,891 shares of the transportation company’s stock valued at $1,715,000 after acquiring an additional 1,981 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 price target (up from $56.00) on shares of LATAM Airlines Group in a report on Friday, February 20th. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $75.00 target price (up from $60.00) on shares of LATAM Airlines Group in a research report on Thursday, February 5th. The Goldman Sachs Group set a $64.10 target price on LATAM Airlines Group and gave the company a “neutral” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $68.70.

LATAM Airlines Group Trading Up 1.2%

Shares of LTM stock opened at $47.62 on Friday. The firm has a fifty day simple moving average of $58.53 and a 200-day simple moving average of $51.53. The company has a market capitalization of $14.39 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.32 and a beta of 3.89. LATAM Airlines Group S.A. has a twelve month low of $26.36 and a twelve month high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings results on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.81 billion. Equities research analysts predict that LATAM Airlines Group S.A. will post 3.37 EPS for the current year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.