Newfoundland Capital Management lowered its holdings in Azul (NYSE:AZUL) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,199 shares of the company’s stock after selling 9,419 shares during the period. Azul comprises 0.3% of Newfoundland Capital Management’s holdings, making the stock its 25th biggest holding. Newfoundland Capital Management’s holdings in Azul were worth $1,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AZUL. Standard Life Aberdeen plc purchased a new position in Azul during the fourth quarter valued at approximately $28,581,000. Pendal Group Ltd purchased a new position in Azul during the first quarter valued at approximately $23,126,000. BlackRock Inc. grew its position in Azul by 7.4% during the first quarter. BlackRock Inc. now owns 7,616,305 shares of the company’s stock valued at $264,667,000 after purchasing an additional 527,979 shares in the last quarter. Renaissance Technologies LLC grew its position in Azul by 140.1% during the fourth quarter. Renaissance Technologies LLC now owns 310,200 shares of the company’s stock valued at $7,392,000 after purchasing an additional 181,000 shares in the last quarter. Finally, Prince Street Capital Management LLC purchased a new position in Azul during the fourth quarter valued at approximately $4,229,000. 3.53% of the stock is currently owned by institutional investors.

Azul traded up $0.06, hitting $16.57, on Thursday, MarketBeat reports. The company’s stock had a trading volume of 438,051 shares, compared to its average volume of 918,828. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.94 and a quick ratio of 0.88. Azul has a one year low of $16.37 and a one year high of $35.05. The firm has a market capitalization of $5.57 billion, a PE ratio of 10.86 and a beta of 0.37.

Azul (NYSE:AZUL) last posted its earnings results on Thursday, May 10th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.26. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. Azul had a net margin of 8.40% and a return on equity of 25.52%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. analysts predict that Azul will post 1.16 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Azul from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research upgraded shares of Azul from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Friday, March 9th. Finally, Buckingham Research reiterated a “buy” rating and set a $38.00 target price (up from $35.00) on shares of Azul in a research note on Friday, March 9th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.20.

Azul Company Profile

Azul SA operates as an airline company in Brazil. It provides passenger and cargo air transportation services. As of September 30, 2017, the company operated 755 daily flights to 104 destinations through a network of 197 non-stop routes with a fleet of 118 aircraft. Azul SA was incorporated in 2008 and is headquartered in Barueri, Brazil.

Institutional Ownership by Quarter for Azul (NYSE:AZUL)

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