Two Sigma Advisers LP reduced its position in Avianca Holdings SA (NYSE:AVH) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,400 shares of the transportation company’s stock after selling 6,000 shares during the period. Two Sigma Advisers LP owned approximately 0.10% of Avianca worth $629,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Avianca by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,985 shares of the transportation company’s stock valued at $814,000 after buying an additional 16,175 shares during the last quarter. Smith Asset Management Group LP boosted its position in Avianca by 129.6% in the 4th quarter. Smith Asset Management Group LP now owns 28,560 shares of the transportation company’s stock valued at $226,000 after buying an additional 16,120 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in Avianca in the 4th quarter valued at about $1,635,000. Renaissance Technologies LLC boosted its position in Avianca by 15.4% in the 4th quarter. Renaissance Technologies LLC now owns 890,469 shares of the transportation company’s stock valued at $7,150,000 after buying an additional 119,069 shares during the last quarter. Finally, OxFORD Asset Management LLP boosted its position in Avianca by 11.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 104,428 shares of the transportation company’s stock valued at $809,000 after buying an additional 11,133 shares during the last quarter. 1.86% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on AVH shares. Zacks Investment Research cut shares of Avianca from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. ValuEngine cut shares of Avianca from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS raised shares of Avianca from a “sell” rating to a “hold” rating and upped their price objective for the company from $5.40 to $9.00 in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.19.
Shares of Avianca stock opened at $9.13 on Thursday. The stock has a market capitalization of $729.36, a PE ratio of 10.39 and a beta of 0.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 3.84. Avianca Holdings SA has a 1 year low of $6.37 and a 1 year high of $9.76.
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Avianca Holdings SA, through its subsidiaries, provides air transportation services in North America, Central America, the Caribbean, Colombia, South America, and internationally. It offers passenger and cargo air transportation services; and aircraft maintenance, crew training, and other airport services to other carriers, as well as travel-related services to its customers.
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