Azul (AZUL)

• Market cap: $188M
• 1 day: -9.50%
• 5 days: -16.92%
• 1 month: -41.52%
• 3 months: -43.94%
• 6 months: -63.27%
• Year to date: -81.98%
• 1 year: -83.93%
• 5 years: -96.17%
• 10 years: -92.47%

About: Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies. The Company considers that it has a single reportable segment which is air transport.

Employees: 16,017

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

11% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 18

5% more funds holding

Funds holding: 64 [Q2] → 67 (+3) [Q3]

3.63% less ownership

Funds ownership: 8.01% [Q2] → 4.37% (-3.63%) [Q3]

53% less capital invested

Capital invested by funds: $109M [Q2] → $51M (-$58.2M) [Q3]

63% less call options, than puts

Call options by funds: $7.55M | Put options by funds: $20.6M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3.10 91% upside
• Avg. target: $3.10 91% upside
• High target: $3.10 91% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Goldman Sachs Bruno Amorim 33% 1-year accuracy 3 / 9 met price target

91% upside $3.10

Neutral Maintained

19 Dec 2024