Avianca (NYSE:AVH) Shares Down 13.3%

Avianca Holdings SA (NYSE:AVH) shares fell 13.3% during trading on Wednesday . The company traded as low as $3.82 and last traded at $3.85, 632,234 shares traded hands during mid-day trading. An increase of 242% from the average session volume of 185,080 shares. The stock had previously closed at $4.44.

Separately, Zacks Investment Research upgraded Avianca from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

The stock has a market capitalization of $343.62 million, a P/E ratio of -0.93 and a beta of 1.10. The stock has a 50-day simple moving average of $4.68 and a 200 day simple moving average of $4.08.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ING Groep NV boosted its position in Avianca by 32.0% in the 4th quarter. ING Groep NV now owns 330,000 shares of the transportation company’s stock valued at $1,472,000 after buying an additional 80,000 shares during the last quarter. Evolution Wealth Advisors LLC boosted its position in Avianca by 12,021.7% in the 4th quarter. Evolution Wealth Advisors LLC now owns 303,042 shares of the transportation company’s stock valued at $1,352,000 after buying an additional 300,542 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in Avianca in the 4th quarter valued at $86,000. Hedge funds and other institutional investors own 3.89% of the company’s stock.

Avianca Company Profile (NYSE:AVH)

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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