Avianca (NYSE:AVH) Stock Crosses Above Fifty Day Moving Average of $4.65

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Avianca Holdings SA (NYSE:AVH)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.65 and traded as high as $4.96. Avianca shares last traded at $4.82, with a volume of 3,295 shares trading hands.

Separately, Zacks Investment Research upgraded Avianca from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

The stock has a market cap of $408.04 million, a price-to-earnings ratio of -1.16 and a beta of 1.10. The company’s fifty day moving average price is $4.66 and its 200-day moving average price is $4.06.

A number of hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV raised its stake in Avianca by 32.0% in the 4th quarter. ING Groep NV now owns 330,000 shares of the transportation company’s stock worth $1,472,000 after acquiring an additional 80,000 shares during the last quarter. Evolution Wealth Advisors LLC increased its holdings in shares of Avianca by 12,021.7% in the fourth quarter. Evolution Wealth Advisors LLC now owns 303,042 shares of the transportation company’s stock valued at $1,352,000 after purchasing an additional 300,542 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in shares of Avianca in the fourth quarter valued at about $86,000. Institutional investors own 3.96% of the company’s stock.

Avianca Company Profile (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.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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