Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Down 4.4%

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s stock price traded down 4.4% on Friday . The stock traded as low as $8.37 and last traded at $8.39. 358,168 shares were traded during mid-day trading, a decline of 30% from the average session volume of 513,621 shares. The stock had previously closed at $8.78.

Wall Street Analyst Weigh In

VLRS has been the topic of a number of analyst reports. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday. TD Cowen decreased their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Barclays lifted their price target on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a report on Friday, January 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $14.02.

Controladora Vuela Compañía de Aviación Stock Down 1.8 %

The company has a market cap of $756.75 million, a PE ratio of 8.71 and a beta of 2.55. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.76 and a current ratio of 0.73. The firm has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $7.60.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The company had revenue of $899.00 million during the quarter, compared to the consensus estimate of $882.80 million. Controladora Vuela Compañía de Aviación had a return on equity of 54.44% and a net margin of 3.40%. During the same quarter in the prior year, the business earned $0.24 earnings per share. Equities research analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.43 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently bought and sold shares of the business. Par Capital Management Inc. lifted its holdings in Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock worth $20,683,000 after purchasing an additional 2,150,263 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of Controladora Vuela Compañía de Aviación by 2,264.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock valued at $8,998,000 after purchasing an additional 918,776 shares during the period. WCM Investment Management LLC increased its stake in Controladora Vuela Compañía de Aviación by 51.4% in the 4th quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock worth $15,971,000 after purchasing an additional 570,449 shares in the last quarter. Fiera Capital Corp purchased a new stake in Controladora Vuela Compañía de Aviación during the third quarter valued at about $3,764,000. Finally, Moneda S.A. Administradora General de Fondos lifted its stake in Controladora Vuela Compañía de Aviación by 74.9% during the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after buying an additional 444,082 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, 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 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.