Millennium Management LLC boosted its stake in Azul SA (NYSE:AZUL) by 80.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,950 shares of the company’s stock after purchasing an additional 125,953 shares during the quarter. Millennium Management LLC owned about 0.09% of Azul worth $7,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of Azul by 157.2% during the fourth quarter. Macquarie Group Ltd. now owns 282,354 shares of the company’s stock worth $7,818,000 after acquiring an additional 172,558 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in shares of Azul during the fourth quarter worth approximately $13,872,000. Lord Abbett & CO. LLC purchased a new position in shares of Azul during the fourth quarter worth approximately $4,513,000. WCM Investment Management LLC purchased a new position in shares of Azul during the fourth quarter worth approximately $2,195,000. Finally, Pasadena Private Wealth LLC purchased a new position in shares of Azul during the fourth quarter worth approximately $288,000. 7.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Azul stock opened at $28.10 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.07. Azul SA has a 52-week low of $15.53 and a 52-week high of $34.09. The company has a market capitalization of $8.94 billion, a PE ratio of 17.67 and a beta of -0.65.
Azul (NYSE:AZUL) last issued its earnings results on Thursday, March 14th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). Azul had a return on equity of 14.15% and a net margin of 4.70%. The firm had revenue of $651.43 million during the quarter, compared to the consensus estimate of $692.03 million. As a group, analysts predict that Azul SA will post 2.27 EPS for the current year.
Several research analysts have commented on the stock. Zacks Investment Research reissued a “strong-buy” rating and set a $30.00 price target on shares of Azul in a research note on Monday, December 31st. Buckingham Research raised their target price on shares of Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group cut shares of Azul from a “buy” rating to a “neutral” rating in a report on Thursday, January 17th. Finally, Morgan Stanley upgraded shares of Azul from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.02.
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Azul Company Profile
Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
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