Avianca (NYSE:AVH) Shares Pass Above 200-Day Moving Average of $0.00

Avianca Holdings SA (NYSE:AVH)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $3.73. Avianca shares last traded at $3.73, with a volume of 9,629 shares.

AVH has been the topic of a number of recent research reports. ValuEngine upgraded Avianca from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Zacks Investment Research downgraded Avianca from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.88.

The company has a debt-to-equity ratio of 11.26, a current ratio of 0.48 and a quick ratio of 0.44. The firm’s fifty day simple moving average is $3.59.

Avianca (NYSE:AVH) last announced its earnings results on Thursday, May 16th. The transportation company reported ($0.52) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Avianca had a negative return on equity of 10.46% and a negative net margin of 1.79%. On average, equities research analysts anticipate that Avianca Holdings SA will post -0.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.0387 per share. This represents a $0.15 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, May 22nd. Avianca’s payout ratio is presently 29.67%.

Hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP bought a new position in shares of Avianca in the 4th quarter worth about $56,000. Donald Smith & CO. Inc. raised its position in shares of Avianca by 11.4% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,832,272 shares of the transportation company’s stock worth $11,612,000 after acquiring an additional 289,967 shares in the last quarter. RWC Asset Advisors US LLC bought a new position in shares of Avianca in the 4th quarter worth about $1,509,000. D. E. Shaw & Co. Inc. raised 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 worth $143,000 after acquiring an additional 24,664 shares in the last quarter. Finally, River & Mercantile Asset Management LLP raised its position in shares of Avianca by 8.3% in the 1st quarter. River & Mercantile Asset Management LLP now owns 438,300 shares of the transportation company’s stock worth $1,795,000 after acquiring an additional 33,700 shares in the last quarter. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.

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