Russell Investments Group Ltd. lifted its position in shares of Azul SA (NYSE:AZUL) by 10.3% during the second quarter, HoldingsChannel.com reports. The fund owned 582,583 shares of the company’s stock after acquiring an additional 54,277 shares during the quarter. Russell Investments Group Ltd.’s holdings in Azul were worth $9,639,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in Azul during the first quarter worth about $106,000. SeaCrest Wealth Management LLC boosted its holdings in Azul by 242.3% during the second quarter. SeaCrest Wealth Management LLC now owns 8,900 shares of the company’s stock worth $146,000 after buying an additional 6,300 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Azul during the second quarter worth about $244,000. Guggenheim Capital LLC purchased a new stake in Azul during the first quarter worth about $251,000. Finally, Picton Mahoney Asset Management purchased a new stake in Azul during the second quarter worth about $328,000. Institutional investors and hedge funds own 6.77% of the company’s stock.
AZUL has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Azul from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Goldman Sachs Group initiated coverage on shares of Azul in a report on Monday, July 16th. They set a “buy” rating and a $33.40 price objective on the stock. ValuEngine downgraded shares of Azul from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Finally, Buckingham Research decreased their price objective on shares of Azul from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.44.
AZUL stock opened at $16.56 on Friday. The stock has a market cap of $5.19 billion, a P/E ratio of 8.58 and a beta of 0.76. Azul SA has a 52 week low of $15.53 and a 52 week high of $35.05. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 1.15.
Azul (NYSE:AZUL) last released its quarterly earnings data on Thursday, August 9th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Azul had a net margin of 8.24% and a return on equity of 24.66%. The firm had revenue of $562.39 million for the quarter, compared to the consensus estimate of $585.84 million. equities analysts predict that Azul SA will post 1.21 earnings per share for the current year.
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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