Avianca (AVH) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Avianca (NYSE:AVH) from a hold rating to a sell rating in a report published on Friday, Zacks.com reports.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

Separately, ValuEngine cut Avianca from a sell rating to a strong sell rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. The company currently has a consensus rating of Sell and a consensus target price of $5.88.

AVH stock opened at $3.65 on Friday. The company has a market capitalization of $322.14 million, a P/E ratio of 8.67 and a beta of 0.96. Avianca has a 12-month low of $2.88 and a 12-month high of $7.77. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be given a $0.0387 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.15 annualized dividend and a yield of 4.25%. Avianca’s dividend payout ratio (DPR) is presently 29.67%.

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP bought a new position in Avianca in the 4th quarter valued at approximately $56,000. Two Sigma Investments LP bought a new position in Avianca in the 4th quarter valued at approximately $63,000. D. E. Shaw & Co. Inc. lifted its position in 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 acquiring an additional 24,664 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in 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 acquiring an additional 5,675 shares in the last quarter. Finally, RWC Asset Advisors US LLC bought a new position in Avianca in the 4th quarter valued at approximately $1,509,000. 5.89% of the stock is currently owned by institutional investors and hedge funds.

About Avianca

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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