Inspire Advisors LLC Buys 18,861 Shares of Azul S.A. (NYSE:AZUL)

Inspire Advisors LLC raised its stake in Azul S.A. (NYSE:AZUL) by 84.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,324 shares of the company’s stock after acquiring an additional 18,861 shares during the period. Inspire Advisors LLC’s holdings in Azul were worth $142,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning bought a new stake in Azul in the third quarter valued at $35,000. Signaturefd LLC boosted its stake in Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after purchasing an additional 2,812 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Azul in the second quarter worth $51,000. Coronation Fund Managers Ltd. boosted its stake in Azul by 9.5% in the second quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock worth $109,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Azul by 310.0% in the first quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock worth $247,000 after purchasing an additional 24,054 shares in the last quarter. 0.82% of the stock is currently owned by institutional investors.

Azul Stock Down 3.7 %

Shares of Azul stock opened at $3.13 on Monday. Azul S.A. has a 12 month low of $2.02 and a 12 month high of $11.26. The business has a fifty day simple moving average of $3.25 and a 200 day simple moving average of $4.60. The stock has a market cap of $1.32 billion, a PE ratio of -1.28 and a beta of 1.98.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The company had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same period in the previous year, the business posted ($0.81) earnings per share. Analysts expect that Azul S.A. will post -1.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AZUL has been the topic of a number of recent analyst reports. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft cut their price target on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered Azul from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.59.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.