Jane Street Group LLC Takes $842,000 Position in LATAM Airlines Group SA (LTM)

Jane Street Group LLC acquired a new stake in LATAM Airlines Group SA (NYSE:LTM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,126 shares of the transportation company’s stock, valued at approximately $842,000.

Several other hedge funds have also recently made changes to their positions in LTM. Stevens Capital Management LP acquired a new stake in LATAM Airlines Group during the second quarter worth about $243,000. A.R.T. Advisors LLC acquired a new stake in LATAM Airlines Group during the first quarter worth about $520,000. UBS Group AG grew its holdings in LATAM Airlines Group by 82.1% during the first quarter. UBS Group AG now owns 51,283 shares of the transportation company’s stock worth $789,000 after acquiring an additional 23,125 shares during the period. CIBC World Markets Inc. acquired a new stake in LATAM Airlines Group during the first quarter worth about $851,000. Finally, Pinebridge Investments L.P. grew its holdings in LATAM Airlines Group by 11.1% during the second quarter. Pinebridge Investments L.P. now owns 65,381 shares of the transportation company’s stock worth $647,000 after acquiring an additional 6,545 shares during the period. 2.39% of the stock is currently owned by institutional investors and hedge funds.

LATAM Airlines Group stock opened at $9.63 on Monday. The stock has a market cap of $5.70 billion, a P/E ratio of 37.04 and a beta of 1.88. LATAM Airlines Group SA has a 52 week low of $8.41 and a 52 week high of $17.39.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Monday, August 20th. The transportation company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). LATAM Airlines Group had a return on equity of 5.45% and a net margin of 2.27%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. Analysts predict that LATAM Airlines Group SA will post 0.36 EPS for the current year.

Several analysts recently commented on the company. ValuEngine raised LATAM Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 29th. Zacks Investment Research lowered LATAM Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Goldman Sachs Group assumed coverage on LATAM Airlines Group in a report on Monday, July 16th. They set a “neutral” rating and a $12.00 target price on the stock. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. LATAM Airlines Group currently has an average rating of “Sell” and an average price target of $15.00.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

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Institutional Ownership by Quarter for LATAM Airlines Group (NYSE:LTM)

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