LATAM Airlines Completes Secondary ADR Sale with J.P. Morgan

An announcement from LATAM Airlines Group SA Sponsored ADR ( (LTM) ) is now available.

On June 16, 2025, LATAM Airlines Group S.A. announced a significant development regarding its financial operations. The company completed a second secondary sale of 10 million American Depositary Receipts (ADRs) at a price of $37 per ADR, with J.P. Morgan Securities LLC acting as the underwriter. This transaction, involving key shareholders such as Sixth Street Partners and Strategic Value Partners, is set to conclude with payment on June 18, 2025. This move is expected to impact the company’s market positioning and shareholder dynamics.

The most recent analyst rating on (LTM) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.

Spark’s Take on LTM Stock

According to Spark, TipRanks’ AI Analyst, LTM is a Outperform.

LATAM Airlines’ strong financial performance, marked by robust profit margins and cash flow, is a major strength, countered by high debt reliance. Technical indicators show bullish trends but caution due to overbought signals. The valuation is reasonable, adding stability to the stock’s appeal.

To see Spark’s full report on LTM stock, click here.

More about LATAM Airlines Group SA Sponsored ADR

LATAM Airlines Group S.A. is a prominent player in the airline industry, primarily offering passenger and cargo air transportation services across Latin America. The company is headquartered in Santiago, Chile, and is known for its extensive network connecting various destinations within the region and beyond.

Average Trading Volume: 515,858

Technical Sentiment Signal: Strong Buy

Current Market Cap: $11.57B

See more data about LTM stock on TipRanks’ Stock Analysis page.