Russell Investments Group Ltd. Sells 111,166 Shares of Azul S.A. (NYSE:AZUL)

Posted by on May 12th, 2023

Russell Investments Group Ltd. decreased its position in Azul S.A. (NYSE:AZUL – Get Rating) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,770,540 shares of the company’s stock after selling 111,166 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.42% of Azul worth $10,818,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in Azul by 3.0% in the first quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock valued at $196,134,000 after acquiring an additional 374,935 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Azul by 26.9% in the third quarter. Frontier Capital Management Co. LLC now owns 3,841,333 shares of the company’s stock worth $31,268,000 after buying an additional 814,568 shares during the period. Pendal Group Ltd raised its stake in shares of Azul by 3.8% in the fourth quarter. Pendal Group Ltd now owns 3,071,077 shares of the company’s stock worth $18,764,000 after buying an additional 111,400 shares during the period. U S Global Investors Inc. raised its stake in shares of Azul by 38.3% in the fourth quarter. U S Global Investors Inc. now owns 1,680,203 shares of the company’s stock worth $10,266,000 after buying an additional 465,487 shares during the period. Finally, Long Focus Capital Management LLC raised its stake in shares of Azul by 11.0% in the third quarter. Long Focus Capital Management LLC now owns 905,000 shares of the company’s stock worth $7,367,000 after buying an additional 90,000 shares during the period. Institutional investors own 2.43% of the company’s stock.

Azul Stock Up 5.7 %

Shares of NYSE AZUL opened at $7.82 on Friday. The business has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $6.68. The firm has a market cap of $3.29 billion, a PE ratio of -4.86 and a beta of 1.38. Azul S.A. has a twelve month low of $3.82 and a twelve month high of $13.81.

Azul (NYSE:AZUL – Get Rating) last announced its quarterly earnings results on Monday, March 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.57). The firm had revenue of $846.31 million during the quarter, compared to analyst estimates of $898.95 million. On average, research analysts expect that Azul S.A. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on AZUL. Morgan Stanley upgraded Azul from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $6.00 to $8.60 in a research report on Wednesday, March 15th. UBS Group upgraded Azul from a “sell” rating to a “neutral” rating in a report on Monday, March 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.54.

About Azul

(Get Rating)

Azul SA is a holding company, which engages in the provision of airline passenger and cargo services. The firm’s service features include passenger seat selection, leather seats, individual entertainment screens with free live television at every seat in all E-Jets, extensive legroom with a pitch of 30 inches or more, complimentary beverage and snack services and free bus service to key airports.

Featured Articles

Institutional Ownership by Quarter for Azul (NYSE:AZUL)

Receive News & Ratings for Azul Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azul and related companies with MarketBeat.com's FREE daily email newsletter.