Avianca Holdings SA (NYSE:AVH) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.98 and last traded at $3.13, with a volume of 10689 shares changing hands. The stock had previously closed at $3.30.
AVH has been the subject of several recent research reports. Zacks Investment Research cut Avianca from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. ValuEngine raised Avianca from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.88.
The stock has a market capitalization of $282.49 million, a PE ratio of 3.42 and a beta of 0.96. The company has a debt-to-equity ratio of 7.03, a current ratio of 0.51 and a quick ratio of 0.47.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.0387 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.15 annualized dividend and a dividend yield of 4.98%. Avianca’s payout ratio is currently 25.27%.
Institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP acquired a new position in shares of Avianca during the 4th quarter worth about $56,000. Two Sigma Investments LP acquired a new position in shares of Avianca in the 4th quarter valued at approximately $63,000. D. E. Shaw & Co. Inc. grew its position in shares of Avianca by 231.6% in the 4th 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 period. Envestnet Asset Management Inc. grew its position in shares of Avianca by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,598 shares of the transportation company’s stock valued at $244,000 after purchasing an additional 5,675 shares during the period. Finally, RWC Asset Advisors US LLC acquired a new position in shares of Avianca in the 4th quarter valued at approximately $1,509,000. Institutional investors own 5.69% of the company’s stock.
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.
Further Reading: Gross Domestic Product (GDP)
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