Azul S.A. (NYSE:AZUL) Shares Purchased by Perpetual Ltd

Perpetual Ltd raised its holdings in Azul S.A. (NYSE:AZUL) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,354,953 shares of the company’s stock after purchasing an additional 100,639 shares during the quarter. Perpetual Ltd’s holdings in Azul were worth $8,101,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Long Focus Capital Management LLC boosted its holdings in Azul by 106.3% during the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after buying an additional 2,295,000 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of 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 acquiring an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda grew its holdings in shares of Azul by 13,831.7% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after acquiring an additional 290,465 shares during the period. Quantbot Technologies LP increased its stake in Azul by 310.0% in the 1st quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock valued at $247,000 after purchasing an additional 24,054 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in Azul by 9.5% during 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 last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AZUL has been the subject of several research reports. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and cut their price target for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. Barclays reduced their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th. One research 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 company currently has a consensus rating of “Hold” and an average price target of $6.59.

Azul Trading Down 6.4 %

AZUL stock opened at $3.08 on Friday. The stock’s 50 day simple moving average is $3.35 and its 200 day simple moving average is $4.82. Azul S.A. has a 12-month low of $2.02 and a 12-month high of $11.26. The firm has a market cap of $1.30 billion, a P/E ratio of -1.26 and a beta of 1.98.

Azul (NYSE:AZUL) last issued its earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to the consensus estimate of $791.43 million. During the same period in the prior year, the firm posted ($0.81) EPS. On average, research analysts forecast that Azul S.A. will post -1.39 EPS for the current fiscal year.

Azul 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.