American Century Companies Inc. Purchases Shares of 286,000 Azul SA (AZUL)

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American Century Companies Inc. purchased a new stake in shares of Azul SA (NYSE:AZUL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 286,000 shares of the company’s stock, valued at approximately $4,679,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZUL. Victory Capital Management Inc. increased its stake in Azul by 93.7% during the second quarter. Victory Capital Management Inc. now owns 3,559,417 shares of the company’s stock valued at $58,232,000 after acquiring an additional 1,721,756 shares during the period. Pendal Group Ltd bought a new position in Azul during the first quarter valued at about $23,126,000. BlackRock Inc. increased its stake in Azul by 7.4% during the first quarter. BlackRock Inc. now owns 7,616,305 shares of the company’s stock valued at $264,667,000 after acquiring an additional 527,979 shares during the period. Zweig DiMenna Associates LLC bought a new position in Azul during the second quarter valued at about $5,399,000. Finally, Tyvor Capital LLC bought a new position in Azul during the second quarter valued at about $2,715,000. Hedge funds and other institutional investors own 6.77% of the company’s stock.

NYSE AZUL opened at $16.56 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.90 and a current ratio of 0.95. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 10.89 and a beta of 0.76. Azul SA has a 1-year low of $15.53 and a 1-year high of $35.05.

Azul (NYSE:AZUL) last released its quarterly earnings data on Thursday, August 9th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The company had revenue of $562.39 million for the quarter, compared to the consensus estimate of $585.84 million. Azul had a return on equity of 24.66% and a net margin of 8.24%. sell-side analysts predict that Azul SA will post 1.21 EPS for the current year.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Azul from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Goldman Sachs Group assumed coverage on Azul in a research note on Monday, July 16th. They set a “buy” rating and a $33.40 price target on the stock. Buckingham Research decreased their price objective on Azul from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. Finally, ValuEngine downgraded Azul from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Azul presently has a consensus rating of “Hold” and an average target price of $32.44.

Azul Company Profile

Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.

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Institutional Ownership by Quarter for Azul (NYSE:AZUL)

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