Company shares last traded at $7.26 which is marginally higher than the 50 day moving average of $6.84 and slightly below the 200 day moving average of $7.82. The 50 day moving average went up by +6.09% and the 200 day average moved down $-0.56. Trading was light with 55K shares changing hands in the last trading session. Overall, volume was down 55.99% under the stocks normal daily volume.
These funds have also shifted positions in (AVH). As of the end of the quarter Morgan Stanley had bought a total of 6,521 shares growing its position 238.3%. The value of the company’s investment in Avianca Holdings S.A. American went from $26,000 to $71,000 a change of 173.1% since the last quarter. Tower Research Capital LLC (trc) bolstered its position by buying 661 shares an increase of 330.5% in the quarter. Tower Research Capital LLC (trc) now controls 861 shares with a value of $7,000. The value of the position overall is up by 600.0%.
As of quarter end Goldman Sachs Group Inc had disposed of 1,089,900 shares trimming its holdings by 99.9%. The value in dollars decreased from $10,517,000 to $8,000 a change of $10,509,000 quarter over quarter. As of the end of the quarter Driehaus Capital Management LLC had disposed of a total of 31,464 shares trimming its stake by 41.6%. The value of the investment in Avianca Holdings S.A. American went from $730,000 to $341,000 decreasing 53.3% quarter to quarter.
On December 7 the stock rating was downgraded from “Buy” to “Reduce” in an announcement from Standpoint Research. On July 11, 2016 the stock rating was set at “Neutral” by Bank of America a boost from the previous “Underperform” rating.
On July 5 the company was downgraded to “Sell” from “” in a report issued by UBS. Equity analyst Standpoint Research initiated coverage on the stock by announcing an initial rating of “Buy” and projecting a price target of $10.00.
On May 26 JP Morgan maintained a stock rating of “Overweight” and lowered the price target from $17.50 to $15.00. On May 8 the company was downgraded from “Neutral” to “Underperform” with a current price target of $13.00 by Bank of America.
The company is so far trading up since yesterday’s close of $7.08. The P/E ratio is currently 29.27 and the market cap is 904.76M. In the latest earnings report the EPS was $0.25 and is expected to be $0.97 for the current year with 124,623,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.42 and the next full year EPS is anticipated to be $1.42.
Avianca Holdings S.A., through its subsidiaries, provides air transportation services in North America, Central America, the Caribbean, Colombia, South America, and internationally. The company offers passenger and cargo air transportation services; and aircraft maintenance, crew training, and other airport services to other carriers, as well as travel-related services to its customers. It is also involved in ground operations for thirdÂ?party airlines in hub airports, and aircraft leasing activities; and operates LifeMiles, a frequent flyer program. As of December 31, 2015, the company operated a fleet of 180 aircraft, including 141 jet passenger aircrafts, 28 turboprop passenger aircrafts, and 11 cargo aircrafts. The company was formerly known as AviancaTaca Holding S.A. and changed its name to Avianca Holdings, S.A. in March 2013. The company was founded in 1919 and is headquartered in BogotÃ¡, Colombia. Avianca Holdings S.A. operates as a subsidiary of Synergy Aerospace Corp..Advertisement