Kapitalo Investimentos Ltda Acquires Shares of 89,006 Azul S.A. (NYSE:AZUL)

Kapitalo Investimentos Ltda bought a new position in Azul S.A. (NYSE:AZUL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 89,006 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors have also made changes to their positions in the company. Coronation Fund Managers Ltd. boosted its holdings 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 during the period. Signaturefd LLC lifted its position in shares of Azul by 35.9% in 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 last quarter. Inspire Advisors LLC boosted its holdings in shares of Azul by 19.4% in the 1st quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock valued at $145,000 after buying an additional 3,042 shares during the period. Creative Planning bought a new stake in shares of Azul during the 3rd quarter valued at about $35,000. Finally, Sanctuary Advisors LLC acquired a new stake in Azul during the second quarter worth about $51,000. 0.82% of the stock is currently owned by institutional investors.

Azul Stock Down 4.0 %

Shares of AZUL opened at $3.15 on Wednesday. The firm has a market capitalization of $1.33 billion, a PE ratio of -1.29 and a beta of 1.98. The firm has a 50-day moving average price of $3.30 and a 200 day moving average price of $4.67. Azul S.A. has a 52-week low of $2.02 and a 52-week high of $11.26.

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

Analyst Ratings Changes

AZUL has been the subject of a number of research reports. Hsbc Global Res upgraded Azul to a “hold” rating in a research note on Thursday, September 5th. Barclays lowered their price objective on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut shares of Azul from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.59.

Azul Company Profile

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.