Key Points
- Insider selling: Aaron James Murray sold 600,000 shares of Grupo Aeromexico on May 20 at an average price of $1.51, totaling $906,000. He also sold another 350,000 shares the next day at $1.56.
- Position reduction: After the sale, Murray’s direct holdings fell to 1,968,130 shares, a 23.36% decrease in his stake.
- Mixed market outlook: Analysts remain split on AERO, with an average rating of Moderate Buy and a consensus price target of $29.43, even as some firms recently downgraded the stock.
Grupo Aeromexico (NYSE:AERO - Get Free Report) insider Aaron James Murray sold 350,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares of the company's stock, valued at $2,524,282.80. This trade represents a 17.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Aaron James Murray also recently made the following trade(s):
- On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00.
Grupo Aeromexico Price Performance
Shares of NYSE:AERO opened at $16.06 on Friday. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05. The firm has a 50 day moving average price of $14.85. The firm has a market capitalization of $2.19 billion and a P/E ratio of 19.58.
Grupo Aeromexico (NYSE:AERO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The company had revenue of $1.34 billion during the quarter. On average, equities research analysts anticipate that Grupo Aeromexico will post 1.13 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on AERO shares. Zacks Research downgraded shares of Grupo Aeromexico from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Grupo Aeromexico from a "hold" rating to a "buy" rating in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on Grupo Aeromexico from $28.50 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, March 12th. The Goldman Sachs Group upgraded Grupo Aeromexico to a "strong-buy" rating in a research note on Monday, April 13th. Finally, Barclays reduced their target price on Grupo Aeromexico from $32.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Grupo Aeromexico has an average rating of "Moderate Buy" and an average price target of $29.43.
Check Out Our Latest Report on AERO
Hedge Funds Weigh In On Grupo Aeromexico
Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Grupo Aeromexico during the 1st quarter valued at approximately $56,000. Federated Hermes Inc. purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at approximately $220,000. Sandia Investment Management LP purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at approximately $220,000. Quarry LP purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at approximately $232,000. Finally, R Squared Ltd purchased a new position in shares of Grupo Aeromexico during the 1st quarter valued at approximately $163,000.
Grupo Aeromexico Company Profile
(
Get Free Report)
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.
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