Sanctuary Advisors LLC Buys New Holdings in Azul S.A. (NYSE:AZUL)

Sanctuary Advisors LLC purchased a new stake in Azul S.A. (NYSE:AZUL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,845 shares of the company’s stock, valued at approximately $51,000.

Several other large investors also recently made changes to their positions in AZUL. SPX Gestao de Recursos Ltda lifted its stake in Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after buying an additional 290,465 shares during the period. Long Focus Capital Management LLC grew its holdings in shares of Azul by 106.3% during the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after buying an additional 2,295,000 shares in the last quarter. Marshall Wace LLP grew its stake in Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after purchasing an additional 575,344 shares in the last quarter. Inspire Advisors LLC lifted its stake in Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares during the period. Institutional investors own 0.82% of the company’s stock.

Azul Price Performance

Shares of NYSE:AZUL opened at $3.13 on Tuesday. The firm has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $4.55. Azul S.A. has a one year low of $2.02 and a one year high of $11.26. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -1.28 and a beta of 1.98.

Azul (NYSE:AZUL) last announced its quarterly earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The business had revenue of $800.65 million for the quarter, compared to analysts’ expectations of $791.43 million. During the same period last year, the firm posted ($0.81) earnings per share. Equities research analysts expect that Azul S.A. will post -1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Barclays cut their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, HSBC downgraded shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.59.

Azul Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.