Azul S.A. (NYSE:AZUL) Shares Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda raised its holdings in Azul S.A. (NYSE:AZUL) by 13,831.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,565 shares of the company’s stock after acquiring an additional 290,465 shares during the quarter. SPX Gestao de Recursos Ltda owned 0.07% of Azul worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coronation Fund Managers Ltd. raised its holdings in Azul by 9.5% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock worth $109,000 after buying an additional 2,380 shares during the period. Signaturefd LLC raised its holdings in Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after buying an additional 2,812 shares during the period. Inspire Advisors LLC raised its holdings in Azul by 19.4% during the 1st quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock worth $145,000 after buying an additional 3,042 shares during the period. Quantbot Technologies LP raised its holdings in Azul by 310.0% during the 1st quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock worth $247,000 after buying an additional 24,054 shares during the period. Finally, Marshall Wace LLP raised its holdings in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares during the period. 0.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on AZUL. HSBC downgraded Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective on the stock. in a report on Thursday, September 5th. JPMorgan Chase & Co. downgraded Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft dropped their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Barclays dropped their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, Hsbc Global Res upgraded Azul to a “hold” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Azul currently has a consensus rating of “Hold” and a consensus price target of $6.59.

Azul Stock Performance

NYSE:AZUL opened at $3.46 on Tuesday. The stock’s 50 day moving average price is $3.51 and its 200 day moving average price is $5.06. Azul S.A. has a 52 week low of $2.02 and a 52 week high of $11.26. The company has a market capitalization of $1.46 billion, a P/E ratio of -1.42 and a beta of 1.97.

Azul (NYSE:AZUL) last released 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 analysts’ expectations of $791.43 million. During the same quarter in the prior year, the company earned ($0.81) EPS. As a group, sell-side analysts forecast that Azul S.A. will post -1.39 earnings per share for the current fiscal year.

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.