Pendal Group Ltd trimmed its holdings in Azul SA (NYSE:AZUL) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 491,292 shares of the company’s stock after selling 66,045 shares during the period. Pendal Group Ltd owned about 0.15% of Azul worth $12,998,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of AZUL. Group One Trading L.P. bought a new position in shares of Azul during the third quarter worth approximately $108,000. Jane Street Group LLC bought a new position in Azul during the 2nd quarter worth $266,000. First Mercantile Trust Co. bought a new position in Azul during the 3rd quarter worth $346,000. Fox Run Management L.L.C. bought a new position in Azul during the 3rd quarter worth $396,000. Finally, Picton Mahoney Asset Management increased its stake in Azul by 50.0% during the 3rd quarter. Picton Mahoney Asset Management now owns 30,000 shares of the company’s stock worth $534,000 after acquiring an additional 10,000 shares during the period. 8.11% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the company. UBS Group lowered Azul from a “buy” rating to a “neutral” rating in a research note on Thursday, January 17th. Morgan Stanley raised Azul from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 10th. Zacks Investment Research reissued a “strong-buy” rating and set a $30.00 price objective on shares of Azul in a report on Monday, December 31st. Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and set a $27.07 target price on the stock. in a report on Sunday, December 9th. Finally, ValuEngine raised Azul from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $31.27.
AZUL stock opened at $30.46 on Thursday. Azul SA has a 1-year low of $15.53 and a 1-year high of $35.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.94 and a quick ratio of 0.89. The stock has a market capitalization of $9.54 billion, a PE ratio of 20.04 and a beta of -0.61.
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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