Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Sees Large Drop in Short Interest

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 2,498,832 shares, a drop of 15.6% from the March 31st total of 2,959,211 shares. Based on an average trading volume of 589,480 shares, the short-interest ratio is presently 4.2 days. Currently, 2.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently made changes to their positions in VLRS. American Century Companies Inc. grew its position in shares of Controladora Vuela Compania de Aviacion by 2.8% in the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after purchasing an additional 7,626 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $1,611,000. Shay Capital LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $214,000. Inspire Investing LLC grew its position in shares of Controladora Vuela Compania de Aviacion by 20.7% in the third quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 2,389 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at about $490,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. The Goldman Sachs Group lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price on the stock. in a report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Barclays cut their target price on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Controladora Vuela Compania de Aviacion presently has a consensus rating of “Hold” and a consensus target price of $9.04.

Controladora Vuela Compania de Aviacion Price Performance

NYSE VLRS opened at $7.26 on Friday. Controladora Vuela Compania de Aviacion has a fifty-two week low of $3.68 and a fifty-two week high of $10.80. The stock’s 50-day moving average is $7.60 and its two-hundred day moving average is $8.02. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.72. The firm has a market cap of $846.28 million, a P/E ratio of -6.78 and a beta of 1.78.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. On average, analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current fiscal year.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.