WCM Investment Management LLC increased its stake in Azul SA (NYSE:AZUL) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,407 shares of the company’s stock after buying an additional 2,330 shares during the period. WCM Investment Management LLC’s holdings in Azul were worth $2,522,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AGF Investments Inc. increased its position in Azul by 69.2% during the 1st quarter. AGF Investments Inc. now owns 171,227 shares of the company’s stock valued at $5,002,000 after purchasing an additional 70,000 shares during the period. Deutsche Bank AG grew its position in shares of Azul by 102,300.0% in the 4th quarter. Deutsche Bank AG now owns 102,400 shares of the company’s stock worth $2,834,000 after buying an additional 102,300 shares during the last quarter. Picton Mahoney Asset Management grew its position in shares of Azul by 1,131.3% in the 1st quarter. Picton Mahoney Asset Management now owns 98,500 shares of the company’s stock worth $2,877,000 after buying an additional 90,500 shares during the last quarter. Crosspoint Capital Strategies LLC purchased a new position in shares of Azul in the 1st quarter worth approximately $1,461,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Azul in the 1st quarter worth approximately $37,000. 6.84% of the stock is currently owned by institutional investors.

AZUL has been the topic of a number of analyst reports. Deutsche Bank lifted their price objective on shares of Azul from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded shares of Azul from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays set a $46.00 price objective on shares of Azul and gave the stock a “hold” rating in a research report on Monday, August 12th. UBS Group downgraded shares of Azul from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 18th. Finally, Buckingham Research downgraded shares of Azul from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $53.00 to $39.00 in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.51.

AZUL stock traded down $1.45 during trading on Thursday, reaching $36.10. The company had a trading volume of 10,249 shares, compared to its average volume of 455,622. The firm has a 50-day simple moving average of $39.36 and a 200-day simple moving average of $31.99. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 22.75 and a beta of -0.65. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.65 and a current ratio of 0.69. Azul SA has a twelve month low of $15.60 and a twelve month high of $43.14.

Azul (NYSE:AZUL) last released its earnings results on Thursday, August 8th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.69. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Azul had a net margin of 7.28% and a return on equity of 38.51%. Azul’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. Sell-side analysts expect that Azul SA will post 2.2 earnings per share for the current year.

Azul 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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Institutional Ownership by Quarter for Azul (NYSE:AZUL)

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