Dimensional Fund Advisors LP Decreases Stock Position in Azul SA (NYSE:AZUL)

Dimensional Fund Advisors LP cut its holdings in shares of Azul SA (NYSE:AZUL) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 887,154 shares of the company’s stock after selling 149,115 shares during the quarter. Dimensional Fund Advisors LP owned 0.28% of Azul worth $24,563,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Azul during the fourth quarter valued at $258,000. Pasadena Private Wealth LLC acquired a new position in Azul in the fourth quarter worth about $288,000. WCM Investment Management LLC acquired a new position in Azul in the fourth quarter worth about $2,195,000. AGF Investments Inc. raised its position in Azul by 65.3% in the fourth quarter. AGF Investments Inc. now owns 101,227 shares of the company’s stock worth $2,803,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Azul by 31.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,114 shares of the company’s stock worth $3,935,000 after purchasing an additional 34,300 shares in the last quarter. 6.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AZUL traded down $0.02 during midday trading on Wednesday, hitting $32.96. The stock had a trading volume of 609,695 shares, compared to its average volume of 567,917. The stock has a 50-day moving average price of $30.06. The company has a market capitalization of $10.71 billion, a P/E ratio of 20.73 and a beta of -0.90. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 1.07. Azul SA has a fifty-two week low of $15.53 and a fifty-two week high of $36.08.

Azul (NYSE:AZUL) last issued its earnings results on Thursday, May 9th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Azul had a net margin of 3.59% and a return on equity of 15.84%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. As a group, equities research analysts expect that Azul SA will post 1.82 earnings per share for the current fiscal year.

Several research firms have recently weighed in on AZUL. UBS Group lowered shares of Azul from a “neutral” rating to a “sell” rating in a report on Tuesday, June 18th. ValuEngine raised shares of Azul from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Zacks Investment Research downgraded shares of Azul from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Finally, Buckingham Research lifted their target price on shares of Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.02.

About Azul

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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