Fore Capital LLC Makes New Investment in Azul S.A. (NYSE:AZUL)

Fore Capital LLC bought a new stake in shares of Azul S.A. (NYSE:AZUL) in the fourth quarter, Holdings Channel.com reports. The fund bought 100,000 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after purchasing an additional 75,291 shares during the period. Perpetual Ltd increased its stake in shares of Azul by 5.1% during the fourth quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock valued at $4,132,000 after buying an additional 119,023 shares during the period. Creative Planning bought a new stake in shares of Azul in the third quarter valued at about $35,000. Trellis Wealth Advisors LLC purchased a new stake in Azul in the fourth quarter worth about $32,000. Finally, Van ECK Associates Corp grew its holdings in Azul by 16.3% during the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock worth $106,000 after acquiring an additional 8,899 shares in the last quarter. 0.82% of the stock is currently owned by institutional investors.

Azul Trading Down 5.7 %

Shares of AZUL opened at $1.74 on Thursday. The firm has a market cap of $731.43 million, a PE ratio of -0.24 and a beta of 1.98. Azul S.A. has a 12 month low of $1.57 and a 12 month high of $8.73. The stock has a fifty day moving average price of $2.03 and a 200-day moving average price of $2.45.

Analyst Ratings Changes

Several equities research analysts have recently commented on AZUL shares. The Goldman Sachs Group reduced their price target on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th. Raymond James cut their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Finally, Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Azul has a consensus rating of “Hold” and an average target price of $5.40.

Azul Company 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.