Avianca (NYSE:AVH) Shares Up 6.9%

Avianca Holdings SA (NYSE:AVH) shot up 6.9% on Friday . The company traded as high as $4.35 and last traded at $4.35, 128,523 shares changed hands during trading. An increase of 3% from the average session volume of 125,133 shares. The stock had previously closed at $4.07.

A number of brokerages have weighed in on AVH. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.88.

The company’s 50-day moving average is $3.79. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 11.26. The stock has a market capitalization of $359.31 million, a P/E ratio of 4.78 and a beta of 0.90.

Avianca (NYSE:AVH) last posted its earnings results on Thursday, May 16th. The transportation company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.02. Avianca had a negative return on equity of 10.46% and a negative net margin of 1.79%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts expect that Avianca Holdings SA will post -0.25 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP acquired a new position in shares of Avianca in the fourth quarter valued at approximately $56,000. Donald Smith & CO. Inc. grew its position in shares of Avianca by 11.4% in the first quarter. Donald Smith & CO. Inc. now owns 2,832,272 shares of the transportation company’s stock valued at $11,612,000 after purchasing an additional 289,967 shares during the last quarter. RWC Asset Advisors US LLC acquired a new position in shares of Avianca in the fourth quarter valued at approximately $1,509,000. D. E. Shaw & Co. Inc. grew its position in shares of Avianca by 231.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 24,664 shares during the last quarter. Finally, River & Mercantile Asset Management LLP grew its position in shares of Avianca by 8.3% in the first quarter. River & Mercantile Asset Management LLP now owns 438,300 shares of the transportation company’s stock valued at $1,795,000 after purchasing an additional 33,700 shares during the last quarter. 5.89% of the stock is currently owned by institutional investors.

About Avianca (NYSE:AVH)

Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.

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