First Mercantile Trust Co. cut its holdings in shares of Azul SA (NYSE:AZUL) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,005 shares of the company’s stock after selling 1,449 shares during the quarter. First Mercantile Trust Co.’s holdings in Azul were worth $499,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Capital Research Global Investors increased its holdings in shares of Azul by 440.3% during the 3rd quarter. Capital Research Global Investors now owns 7,542,415 shares of the company’s stock valued at $134,180,000 after purchasing an additional 6,146,415 shares in the last quarter. FMR LLC grew its stake in Azul by 5.3% in the 3rd quarter. FMR LLC now owns 5,041,471 shares of the company’s stock valued at $89,688,000 after acquiring an additional 253,415 shares during the period. Victory Capital Management Inc. grew its stake in Azul by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 3,796,427 shares of the company’s stock valued at $67,538,000 after acquiring an additional 237,010 shares during the period. Nordea Investment Management AB acquired a new stake in Azul in the 3rd quarter valued at $30,260,000. Finally, Frontier Capital Management Co. LLC grew its stake in Azul by 30.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,598,555 shares of the company’s stock valued at $44,264,000 after acquiring an additional 374,169 shares during the period. 8.46% of the stock is owned by institutional investors.
Shares of AZUL opened at $31.58 on Wednesday. Azul SA has a 52-week low of $15.53 and a 52-week high of $35.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 0.94. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 20.78 and a beta of -0.61.
Azul (NYSE:AZUL) last announced its earnings results on Thursday, November 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.17. Azul had a net margin of 6.91% and a return on equity of 20.86%. The company had revenue of $619.89 million for the quarter, compared to analysts’ expectations of $586.33 million. As a group, analysts forecast that Azul SA will post 1.42 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Azul from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. UBS Group cut shares of Azul from a “buy” rating to a “neutral” rating in a research note on Thursday, January 17th. Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and set a $27.07 price target on the stock. in a research note on Sunday, December 9th. Morgan Stanley raised shares of Azul from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 10th. Finally, ValuEngine raised shares of Azul from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Three research 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. Azul presently has a consensus rating of “Buy” and an average price target of $31.27.
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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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