Controladora Vuela Compañía de Aviación (NYSE:VLRS) Releases Earnings Results

Controladora Vuela Compañía de Aviación (NYSE:VLRS) announced its quarterly earnings data on Monday. The transportation company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.42, reports. Controladora Vuela Compañía de Aviación had a return on equity of 61.54% and a net margin of 3.40%. The company had revenue of $768.00 million during the quarter, compared to the consensus estimate of $685.84 million.

Controladora Vuela Compañía de Aviación Stock Up 2.4 %

Shares of NYSE:VLRS opened at $8.68 on Thursday. Controladora Vuela Compañía de Aviación has a 52 week low of $5.52 and a 52 week high of $15.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.76 and a current ratio of 0.77. The company’s fifty day moving average is $7.45 and its 200-day moving average is $7.59. The company has a market capitalization of $762.02 million, a PE ratio of 8.95 and a beta of 2.55.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently made changes to their positions in the company. HB Wealth Management LLC raised its holdings in shares of Controladora Vuela Compañía de Aviación by 205.9% in the third quarter. HB Wealth Management LLC now owns 101,018 shares of the transportation company’s stock valued at $686,000 after buying an additional 68,000 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 54.4% in the third quarter. Coronation Fund Managers Ltd. now owns 38,189 shares of the transportation company’s stock valued at $259,000 after buying an additional 13,461 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $235,000. Acuitas Investments LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $227,000. Finally, Moneda S.A. Administradora General de Fondos raised its holdings in shares of Controladora Vuela Compañía de Aviación by 74.9% in 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 during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.