Columbus Hill Capital Management L.P. Has $17.82 Million Holdings in LATAM Airlines Group S.A. $LTM

Columbus Hill Capital Management L.P. cut its position in LATAM Airlines Group S.A. (NYSE:LTM) by 29.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,927 shares of the transportation company’s stock after selling 136,912 shares during the quarter. LATAM Airlines Group makes up about 2.5% of Columbus Hill Capital Management L.P.’s holdings, making the stock its 16th biggest position. Columbus Hill Capital Management L.P.’s holdings in LATAM Airlines Group were worth $17,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in LATAM Airlines Group by 248.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock worth $67,181,000 after purchasing an additional 1,058,554 shares during the last quarter. Vanguard Group Inc. grew its position in LATAM Airlines Group by 266.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,039,414 shares of the transportation company’s stock worth $47,033,000 after purchasing an additional 755,997 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in LATAM Airlines Group by 87.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,018,218 shares of the transportation company’s stock worth $54,994,000 after purchasing an additional 474,593 shares during the last quarter. Two Sigma Investments LP grew its position in LATAM Airlines Group by 89.7% in the 3rd quarter. Two Sigma Investments LP now owns 954,224 shares of the transportation company’s stock worth $43,179,000 after purchasing an additional 451,107 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new stake in LATAM Airlines Group in the 3rd quarter worth $42,988,000.

Analyst Ratings Changes

Several research firms have issued reports on LTM. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Tuesday, April 21st. Barclays decreased their target price on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. JPMorgan Chase & Co. began coverage on shares of LATAM Airlines Group in a research report on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 price target for the company. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Finally, Zacks Research upgraded shares of LATAM Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.52.

LATAM Airlines Group Stock Up 3.6%

Shares of LTM opened at $53.30 on Friday. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.46 and a beta of 3.62. LATAM Airlines Group S.A. has a 12 month low of $36.64 and a 12 month high of $70.42. The company has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $53.45.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.66. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.96 billion. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. Equities research analysts expect that LATAM Airlines Group S.A. will post 4.22 EPS for the current fiscal year.

About LATAM Airlines Group

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.