Creative Planning Buys Shares of 10,232 Azul S.A. (NYSE:AZUL)

Creative Planning bought a new stake in shares of Azul S.A. (NYSE:AZUL) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,232 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds have also made changes to their positions in the business. Perpetual Ltd boosted its holdings in shares of Azul by 4.5% during the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after purchasing an additional 100,639 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Azul during the second quarter worth $51,000. SPX Gestao de Recursos Ltda boosted its holdings 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 acquiring an additional 290,465 shares during the last quarter. Long Focus Capital Management LLC boosted its holdings in Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after acquiring an additional 2,295,000 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings 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 acquiring an additional 575,344 shares during the last quarter. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Stock Down 1.1 %

Shares of Azul stock opened at $2.69 on Thursday. The firm has a market cap of $1.13 billion, a P/E ratio of -0.28 and a beta of 1.99. Azul S.A. has a fifty-two week low of $2.02 and a fifty-two week high of $11.26. The business has a 50-day moving average price of $2.94 and a 200 day moving average price of $4.13.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The company had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.43 million. During the same period in the prior year, the company posted ($0.81) earnings per share. As a group, equities research analysts anticipate that Azul S.A. will post -1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Hsbc Global Res upgraded Azul to a “hold” rating in a report on Thursday, September 5th. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective on the stock. in a research report on Thursday, September 5th. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and cut their price objective for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Barclays cut their price objective on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.59.

About Azul

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.