Renaissance Technologies LLC cut its stake in shares of LATAM Airlines Group SA (NYSE:LFL) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,334,800 shares of the company’s stock after selling 447,095 shares during the period. Renaissance Technologies LLC’s holdings in LATAM Airlines Group SA were worth $10,919,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Global X Management Co. LLC increased its stake in shares of LATAM Airlines Group SA by 0.4% in the third quarter. Global X Management Co. LLC now owns 13,128 shares of the company’s stock valued at $107,000 after buying an additional 52 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of LATAM Airlines Group SA during the third quarter valued at approximately $115,000. Two Sigma Securities LLC purchased a new stake in shares of LATAM Airlines Group SA during the third quarter valued at approximately $132,000. Comerica Bank increased its stake in shares of LATAM Airlines Group SA by 12.9% in the fourth quarter. Comerica Bank now owns 30,873 shares of the company’s stock valued at $285,000 after buying an additional 3,534 shares in the last quarter. Finally, World Asset Management Inc increased its stake in shares of LATAM Airlines Group SA by 8.0% in the third quarter. World Asset Management Inc now owns 36,564 shares of the company’s stock valued at $297,000 after buying an additional 2,699 shares in the last quarter. Institutional investors own 3.46% of the company’s stock.

Institutional Ownership by Quarter for LATAM Airlines Group SA (NYSE:LFL)

LATAM Airlines Group SA (NYSE:LFL) opened at 12.13 on Tuesday. LATAM Airlines Group SA has a 12 month low of $5.81 and a 12 month high of $12.28. The company’s 50-day moving average is $10.03 and its 200 day moving average is $9.04. The firm’s market cap is $6.62 billion.

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LFL has been the topic of several research reports. Credit Suisse Group AG set a $9.00 price target on shares of LATAM Airlines Group SA and gave the stock a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Wednesday, January 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of LATAM Airlines Group SA in a research report on Wednesday, January 11th. They set a “hold” rating and a $10.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.98.

LATAM Airlines Group SA Company Profile

LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania.

5 Day Chart for NYSE:LFL

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