Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Strong Trading Volume

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRSGet Rating) saw strong trading volume on Tuesday . 74,278 shares were traded during trading, a decline of 84% from the previous session’s volume of 461,817 shares.The stock last traded at $14.67 and had previously closed at $13.72.

A number of research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Controladora Vuela Compañía de Aviación from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, February 23rd. Credit Suisse Group raised shares of Controladora Vuela Compañía de Aviación from a “neutral” rating to an “outperform” rating and increased their target price for the company from $23.00 to $26.00 in a research report on Wednesday, February 16th. StockNews.com assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Controladora Vuela Compañía de Aviación from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and an average price target of $27.41.

The business’s 50 day moving average price is $16.40 and its two-hundred day moving average price is $17.20. The stock has a market cap of $1.63 billion, a P/E ratio of 16.94 and a beta of 2.51. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

Controladora Vuela Compañía de Aviación (NYSE:VLRSGet Rating) last announced its earnings results on Thursday, February 24th. The transportation company reported $0.65 earnings per share for the quarter. The firm had revenue of $678.00 million for the quarter. Controladora Vuela Compañía de Aviación had a net margin of 3.83% and a return on equity of 71.25%. As a group, analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.71 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of VLRS. BlackRock Inc. raised its holdings in Controladora Vuela Compañía de Aviación by 11.4% in the third quarter. BlackRock Inc. now owns 11,595 shares of the transportation company’s stock worth $253,000 after buying an additional 1,188 shares during the last quarter. Barclays PLC raised its holdings in Controladora Vuela Compañía de Aviación by 1,021.3% in the third quarter. Barclays PLC now owns 49,785 shares of the transportation company’s stock worth $1,086,000 after buying an additional 45,345 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 47.4% during the third quarter. Goldman Sachs Group Inc. now owns 253,980 shares of the transportation company’s stock valued at $5,539,000 after purchasing an additional 81,707 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 13.7% during the third quarter. American Century Companies Inc. now owns 907,380 shares of the transportation company’s stock valued at $19,790,000 after purchasing an additional 109,066 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 176.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 469,404 shares of the transportation company’s stock valued at $10,238,000 after purchasing an additional 299,552 shares during the last quarter. 52.16% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compañía de Aviación (NYSE:VLRS)

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiaries, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 410 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, and 3 cities in Central America.

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