Avianca (NYSE:AVH) Stock Price Crosses Above Fifty Day Moving Average of $3.18

Shares of Avianca Holdings SA (NYSE:AVH) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.18 and traded as high as $2.96. Avianca shares last traded at $2.93, with a volume of 33,254 shares changing hands.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Avianca from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research lowered shares of Avianca from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th.

The stock has a market cap of $242.87 million, a price-to-earnings ratio of 3.16 and a beta of 1.04. The company has a debt-to-equity ratio of 11.26, a quick ratio of 0.21 and a current ratio of 0.23. The stock’s 50-day simple moving average is $3.16 and its two-hundred day simple moving average is $3.74.



Avianca (NYSE:AVH) last released its earnings results on Thursday, August 15th. The transportation company reported ($1.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.80). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Avianca had a negative return on equity of 48.14% and a negative net margin of 9.52%. As a group, research analysts predict that Avianca Holdings SA will post 0.5 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were given a dividend of $0.034 per share. The ex-dividend date was Thursday, August 15th. Avianca’s dividend payout ratio is 49.45%.

Institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new position in Avianca during the 2nd quarter worth $51,000. Russell Investments Group Ltd. lifted its position in Avianca by 40.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 182,752 shares of the transportation company’s stock worth $693,000 after acquiring an additional 52,731 shares during the last quarter. Citadel Advisors LLC lifted its position in Avianca by 1,381.7% during the 2nd quarter. Citadel Advisors LLC now owns 254,177 shares of the transportation company’s stock worth $986,000 after acquiring an additional 237,023 shares during the last quarter. River & Mercantile Asset Management LLP lifted its position in Avianca by 8.3% during 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Avianca by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,612,667 shares of the transportation company’s stock worth $6,257,000 after acquiring an additional 127,857 shares during the last quarter. 6.04% 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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