IPG Investment Advisors LLC held its position in shares of Avianca Holdings S.A. (NYSE:AVH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,700 shares of the transportation company’s stock at the end of the second quarter. IPG Investment Advisors LLC’s holdings in Avianca Holdings were worth $317,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AVH. Russell Investments Group Ltd. raised its position in shares of Avianca Holdings by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock worth $1,167,000 after buying an additional 15,063 shares in the last quarter. Bank of America Corp DE raised its position in shares of Avianca Holdings by 33.7% in the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after buying an additional 48,887 shares during the period. Oxford Asset Management purchased a new position in shares of Avianca Holdings during the first quarter valued at approximately $590,000. James Investment Research Inc. raised its position in shares of Avianca Holdings by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock valued at $2,706,000 after buying an additional 134,778 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Avianca Holdings by 90.6% in the fourth quarter. Renaissance Technologies LLC now owns 306,900 shares of the transportation company’s stock valued at $2,959,000 after buying an additional 145,900 shares during the period. Institutional investors and hedge funds own 2.82% of the company’s stock.
Avianca Holdings S.A. (NYSE:AVH) opened at 7.40 on Friday. Avianca Holdings S.A. has a 1-year low of $6.13 and a 1-year high of $10.91. The stock has a market cap of $922.21 million, a PE ratio of 15.68 and a beta of 0.87. The stock has a 50 day moving average price of $7.05 and a 200-day moving average price of $7.23.
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Several equities analysts have recently commented on the company. BidaskClub lowered Avianca Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Avianca Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. UBS AG cut Avianca Holdings from a “neutral” rating to a “sell” rating in a report on Wednesday, May 31st. Finally, J P Morgan Chase & Co cut Avianca Holdings from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.25.
About Avianca Holdings
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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