Avianca Holdings S.A. (NYSE:AVH) Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Avianca Holdings S.A. (NYSE:AVH) by 60.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,802 shares of the transportation company’s stock after selling 109,925 shares during the period. JPMorgan Chase & Co.’s holdings in Avianca Holdings were worth $554,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Avianca Holdings by 90.6% in the fourth quarter. Renaissance Technologies LLC now owns 306,900 shares of the transportation company’s stock valued at $2,959,000 after buying an additional 145,900 shares during the period. Russell Investments Group Ltd. purchased a new stake in Avianca Holdings during the fourth quarter valued at approximately $1,312,000. James Investment Research Inc. boosted its stake in Avianca Holdings by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock valued at $2,706,000 after buying an additional 134,778 shares during the period. Finally, Oxford Asset Management bought a new stake in shares of Avianca Holdings during the first quarter worth approximately $590,000. Hedge funds and other institutional investors own 2.83% of the company’s stock.

Shares of Avianca Holdings S.A. (NYSE:AVH) opened at 6.89 on Friday. Avianca Holdings S.A. has a one year low of $6.13 and a one year high of $10.91. The stock has a 50 day moving average price of $6.98 and a 200-day moving average price of $7.28. The company has a market capitalization of $858.65 million, a price-to-earnings ratio of 27.78 and a beta of 0.87.

The company also recently disclosed an annual dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were given a dividend of $0.09 per share. This represents a dividend yield of 1.42%. This is an increase from Avianca Holdings’s previous annual dividend of $0.03. The ex-dividend date was Tuesday, July 25th. Avianca Holdings’s dividend payout ratio (DPR) is presently 18.37%.

A number of equities research analysts recently commented on the company. BidaskClub cut Avianca Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut Avianca Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. J P Morgan Chase & Co cut Avianca Holdings from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 24th. UBS AG cut Avianca Holdings from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 31st. Finally, Avian Securities boosted their target price on Avianca Holdings from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, April 20th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.25.

About Avianca Holdings

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.