Donald Smith & CO. Inc. Decreases Holdings in Avianca Holdings SA (NYSE:AVH)

Donald Smith & CO. Inc. trimmed its holdings in shares of Avianca Holdings SA (NYSE:AVH) by 42.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,614,623 shares of the transportation company’s stock after selling 1,181,404 shares during the period. Donald Smith & CO. Inc. owned 1.95% of Avianca worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Evolution Wealth Advisors LLC lifted its holdings in Avianca by 25.0% during the 1st quarter. Evolution Wealth Advisors LLC now owns 378,847 shares of the transportation company’s stock worth $363,000 after buying an additional 75,805 shares during the last quarter. ING Groep NV lifted its holdings in Avianca by 32.0% during the 4th quarter. ING Groep NV now owns 330,000 shares of the transportation company’s stock worth $1,472,000 after buying an additional 80,000 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in Avianca during the 4th quarter worth about $86,000. 2.21% of the stock is owned by institutional investors.

Shares of Avianca stock remained flat at $$0.88 on Tuesday. The business has a 50-day moving average price of $0.97 and a 200-day moving average price of $3.17. The company has a market cap of $72.69 million, a PE ratio of -0.12 and a beta of 1.85. Avianca Holdings SA has a 52-week low of $0.62 and a 52-week high of $5.02.

Avianca (NYSE:AVH) last posted its quarterly earnings data on Friday, March 13th. The transportation company reported ($0.68) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.89). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Avianca had a negative net margin of 19.92% and a negative return on equity of 110.89%. As a group, analysts forecast that Avianca Holdings SA will post -1.14 earnings per share for the current year.

A number of brokerages have issued reports on AVH. Deutsche Bank decreased their price target on Avianca from $2.00 to $0.50 and set a “sell” rating for the company in a report on Monday, May 4th. Citigroup downgraded Avianca from a “neutral” rating to a “sell” rating in a report on Tuesday, May 12th. Zacks Investment Research raised Avianca from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Monday. Avian Securities downgraded Avianca from a “neutral” rating to an “underperform” rating in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. downgraded Avianca from a “neutral” rating to an “underweight” rating in a report on Monday, March 16th. Four equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Avianca presently has a consensus rating of “Hold” and a consensus target price of $0.75.

Avianca Profile

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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Institutional Ownership by Quarter for Avianca (NYSE:AVH)

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