Key Points
- Insider Aaron James Murray sold 355,600 Grupo Aeromexico shares at an average price of $1.58, generating $561,848. After the transaction, he owned 1,262,530 shares, a 21.98% reduction in his stake.
- Grupo Aeromexico recently reported quarterly revenue of $1.48 billion but missed earnings expectations, posting a loss of $0.40 per share versus the $0.37 consensus estimate.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $28.06, although recent ratings and price targets have been mixed.
Grupo Aeromexico (NYSE:AERO - Get Free Report) insider Aaron James Murray sold 355,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total transaction of $561,848.00. Following the completion of the sale, the insider directly owned 1,262,530 shares in the company, valued at $1,994,797.40. This represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Aaron James Murray also recently made the following trade(s):
- On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00.
- On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.51, for a total transaction of $906,000.00.
Grupo Aeromexico Stock Down 1.0%
NYSE AERO opened at $15.69 on Friday. The stock's 50-day simple moving average is $16.45 and its two-hundred day simple moving average is $16.47. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05. The company has a market capitalization of $2.14 billion and a price-to-earnings ratio of 37.36.
Grupo Aeromexico (NYSE:AERO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. On average, equities analysts expect that Grupo Aeromexico will post 1.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have weighed in on AERO. JPMorgan Chase & Co. lowered their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an "overweight" rating for the company in a research note on Friday, June 12th. Jefferies Financial Group began coverage on Grupo Aeromexico in a research note on Thursday, June 18th. They issued a "hold" rating and a $20.00 target price for the company. Zacks Research upgraded Grupo Aeromexico from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Wall Street Zen lowered Grupo Aeromexico from a "buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings cut Grupo Aeromexico from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Grupo Aeromexico currently has a consensus rating of "Moderate Buy" and an average target price of $28.06.
Get Our Latest Stock Report on AERO
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Grupo Aeromexico in the first quarter worth $56,000. R Squared Ltd purchased a new position in Grupo Aeromexico during the first quarter valued at $163,000. Federated Hermes Inc. purchased a new position in Grupo Aeromexico during the fourth quarter valued at $220,000. Sandia Investment Management LP bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Finally, Quarry LP purchased a new stake in shares of Grupo Aeromexico in the 4th quarter worth about $232,000.
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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