ValuEngine Downgrades Avianca (NYSE:AVH) to Hold

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Avianca (NYSE:AVH) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Avianca from a “sell” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Tuesday, July 30th.

Avianca stock opened at $2.68 on Thursday. The firm has a market cap of $222.19 million, a PE ratio of 2.95 and a beta of 0.92. The company has a debt-to-equity ratio of 11.26, a quick ratio of 0.21 and a current ratio of 0.23. The firm’s 50 day moving average price is $3.74 and its two-hundred day moving average price is $3.96. Avianca has a twelve month low of $2.55 and a twelve month high of $5.99.

A number of institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new position in Avianca in the 2nd quarter valued at $51,000. Citadel Advisors LLC grew its stake in Avianca by 1,381.7% in the 2nd quarter. Citadel Advisors LLC now owns 254,177 shares of the transportation company’s stock valued at $986,000 after buying an additional 237,023 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in Avianca by 1.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,877,147 shares of the transportation company’s stock valued at $11,163,000 after buying an additional 44,875 shares during the last quarter. Renaissance Technologies LLC grew its stake in Avianca by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,612,667 shares of the transportation company’s stock valued at $6,257,000 after buying an additional 127,857 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Avianca by 40.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 182,752 shares of the transportation company’s stock valued at $693,000 after buying an additional 52,731 shares during the last quarter. Hedge funds and other institutional investors own 5.86% of the company’s stock.

Avianca Company Profile

Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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