Insider Selling: Controladora Vuela Compania de Aviacion (NYSE:VLRS) Director Sells $366,500.00 in Stock

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the transaction, the director directly owned 3,046,050 shares of the company’s stock, valued at $22,327,546.50. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Controladora Vuela Compania de Aviacion Stock Down 5.1%

VLRS stock opened at $6.55 on Friday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a twelve month low of $4.15 and a twelve month high of $10.80. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The company has a market cap of $763.15 million, a PE ratio of -6.12 and a beta of 1.77. The business’s 50-day simple moving average is $7.36 and its 200 day simple moving average is $8.04.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) EPS 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 firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $44.60 million. On average, research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Controladora Vuela Compania de Aviacion by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 5,053,229 shares of the transportation company’s stock worth $44,873,000 after purchasing an additional 128,088 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Controladora Vuela Compania de Aviacion by 48.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after buying an additional 565,250 shares during the last quarter. Thomist Capital Management LP increased its holdings in shares of Controladora Vuela Compania de Aviacion by 3.9% during the fourth quarter. Thomist Capital Management LP now owns 1,009,652 shares of the transportation company’s stock worth $8,916,000 after buying an additional 37,457 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Controladora Vuela Compania de Aviacion by 126.5% during the fourth quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock worth $8,796,000 after buying an additional 553,251 shares in the last quarter. Finally, Fourth Sail Capital LP raised its stake in shares of Controladora Vuela Compania de Aviacion by 0.4% in the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after acquiring an additional 3,277 shares during the last quarter. Institutional investors own 53.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VLRS. JPMorgan Chase & Co. decreased their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. The Goldman Sachs Group lowered shares of 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 research report on Monday, April 13th. Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price on the stock. in a research note on Thursday, May 7th. Barclays cut their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Controladora Vuela Compania de Aviacion currently has an average rating of “Hold” and a consensus price target of $8.86.

About Controladora Vuela Compania de Aviacion

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.