Emerald Acquisition Ltd. bought a new stake in shares of Avianca Holdings SA (NYSE:AVH) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 157,105 shares of the company’s stock, valued at approximately $968,000. Emerald Acquisition Ltd. owned approximately 0.13% of Avianca Holdings SA as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC boosted its stake in Avianca Holdings SA by 109.2% in the first quarter. Renaissance Technologies LLC now owns 29,700 shares of the company’s stock valued at $148,000 after buying an additional 15,500 shares in the last quarter. 4.30% of the stock is owned by institutional investors.
Shares of Avianca Holdings SA (NYSE:AVH) traded down 1.07% during trading on Tuesday, hitting $6.46. The stock had a trading volume of 6,368 shares. The stock’s 50 day moving average is $6.70 and its 200 day moving average is $6.16. The stock’s market capitalization is $805.06 million. Avianca Holdings SA has a 52 week low of $3.40 and a 52 week high of $7.65.
The business also recently announced an annual dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, October 13th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 11th. Avianca Holdings SA’s payout ratio is presently -2.21%.
AVH has been the topic of several research analyst reports. Zacks Investment Research upgraded Avianca Holdings SA from a “strong sell” rating to a “hold” rating in a research report on Monday, September 12th. Standpoint Research reiterated a “buy” rating on shares of Avianca Holdings SA in a research report on Wednesday, July 27th. Finally, Bank of America Corp. upgraded Avianca Holdings SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th.
Avianca Holdings SA Company Profile
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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