Long Focus Capital Management LLC Has $17.82 Million Stake in Azul S.A. (NYSE:AZUL)

Long Focus Capital Management LLC raised its stake in Azul S.A. (NYSE:AZUL - Free Report) by 106.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,454,000 shares of the company's stock after buying an additional 2,295,000 shares during the quarter. Azul makes up about 0.7% of Long Focus Capital Management LLC's investment portfolio, making the stock its 24th largest holding. Long Focus Capital Management LLC owned about 1.06% of Azul worth $17,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AZUL. Quantbot Technologies LP raised its stake in Azul by 310.0% during the 1st quarter. Quantbot Technologies LP now owns 31,813 shares of the company's stock valued at $247,000 after acquiring an additional 24,054 shares in the last quarter. Coronation Fund Managers Ltd. increased its holdings in shares of Azul by 16.0% during the first quarter. Coronation Fund Managers Ltd. now owns 24,961 shares of the company's stock valued at $194,000 after purchasing an additional 3,450 shares during the period. Inspire Advisors LLC raised its stake in shares of Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company's stock valued at $90,000 after purchasing an additional 3,764 shares in the last quarter. Marshall Wace LLP lifted 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 worth $2,395,000 after purchasing an additional 575,344 shares during the period. Finally, Signaturefd LLC grew its position in Azul by 35.9% in the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company's stock valued at $43,000 after buying an additional 2,812 shares in the last quarter. Institutional investors and hedge funds own 0.82% of the company's stock.

Wall Street Analyst Weigh In

AZUL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Azul from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Hsbc Global Res raised Azul to a "hold" rating in a report on Thursday, September 5th. The Goldman Sachs Group downgraded Azul from a "buy" rating to a "neutral" rating and cut their target price for the stock from $6.70 to $4.00 in a research report on Monday. JPMorgan Chase & Co. cut Azul from an "overweight" rating to a "neutral" rating in a research report on Wednesday, July 10th. Finally, Barclays cut their price objective on Azul from $10.00 to $4.50 and set an "equal weight" rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Azul currently has an average rating of "Hold" and a consensus target price of $6.59.

Azul Price Performance

Shares of AZUL remained flat at $3.05 during trading hours on Friday. The stock had a trading volume of 671,728 shares, compared to its average volume of 2,036,451. The company has a market capitalization of $1.29 billion, a P/E ratio of -1.25 and a beta of 1.97. The business's 50 day moving average is $3.55 and its two-hundred day moving average is $5.15. Azul S.A. has a 1-year low of $2.02 and a 1-year high of $11.26.

Azul (NYSE:AZUL - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.63). The company had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same period last year, the business earned ($0.81) EPS. Equities analysts anticipate that Azul S.A. will post -1.39 earnings per share for the current fiscal year.

Azul 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.