Grupo Aeromexico (NYSE:AERO) Insider Sells $906,000.00 in Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 600,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total value of $906,000.00. Following the sale, the insider owned 1,968,130 shares in the company, valued at $2,971,876.30. The trade was a 23.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Aaron James Murray also recently made the following trade(s):

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.56, for a total value of $546,000.00.

Grupo Aeromexico Trading Up 0.5%

Shares of Grupo Aeromexico stock traded up $0.08 on Friday, reaching $16.06. 211,257 shares of the company were exchanged, compared to its average volume of 268,358. The stock has a 50-day moving average price of $14.85. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research cut Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lowered their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Wall Street Zen upgraded Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Monday, May 11th. Finally, The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Hedge Funds Weigh In On Grupo Aeromexico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Grupo Aeromexico by 25.8% during the 1st quarter. Bank of America Corp DE now owns 1,439,555 shares of the company’s stock valued at $20,168,000 after purchasing an additional 295,646 shares in the last quarter. Oaktree Capital Management LP boosted its stake in Grupo Aeromexico by 5.1% during the 1st quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company’s stock valued at $55,601,000 after purchasing an additional 191,700 shares in the last quarter. Rubric Capital Management LP bought a new position in Grupo Aeromexico during the 1st quarter valued at $6,544,000. The Manufacturers Life Insurance Company bought a new position in Grupo Aeromexico during the 1st quarter valued at $3,502,000. Finally, Public Employees Retirement System of Ohio bought a new position in Grupo Aeromexico during the 1st quarter valued at $56,000.

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.