Baupost Group LLC MA Acquires New Holdings in Grupo Aeromexico $AERO

Baupost Group LLC MA acquired a new stake in Grupo Aeromexico (NYSE:AERO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,855,180 shares of the company’s stock, valued at approximately $106,620,000. Grupo Aeromexico accounts for about 2.0% of Baupost Group LLC MA’s holdings, making the stock its 18th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Monashee Investment Management LLC bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $2,012,000. Strategic Value Partners LLC bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $208,318,000. Seven Grand Managers LLC bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $3,294,000. Compass Rose Asset Management LP bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $8,021,000. Finally, RWC Asset Management LLP bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $2,731,000.

Analyst Ratings Changes

Several brokerages recently weighed in on AERO. Barclays cut their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. JPMorgan Chase & Co. lowered their target price on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research note on Friday. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeromexico presently has an average rating of “Moderate Buy” and an average target price of $29.21.

Grupo Aeromexico Trading Up 0.9%

Grupo Aeromexico stock opened at $17.33 on Friday. The stock has a market cap of $2.36 billion and a price-to-earnings ratio of 21.13. The company’s 50-day moving average price is $15.74 and its two-hundred day moving average price is $17.65. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

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

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.82% of the company’s stock.

About Grupo Aeromexico

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.