UBS Group AG Boosts Stock Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

UBS Group AG lifted its holdings in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) by 108.5% in the fourth quarter, HoldingsChannel reports. The firm owned 432,989 shares of the transportation company’s stock after purchasing an additional 225,336 shares during the quarter. UBS Group AG’s holdings in Controladora Vuela Compania de Aviacion were worth $3,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at $77,000. Aquatic Capital Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at $146,000. Shay Capital LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at $214,000. MMA Asset Management LLC bought a new stake in Controladora Vuela Compania de Aviacion in the third quarter worth $215,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Controladora Vuela Compania de Aviacion in the third quarter worth $323,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the director directly owned 3,046,050 shares in the company, valued at approximately $22,327,546.50. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

VLRS has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target for the company. in a research report on Thursday, May 7th. Barclays lowered their price target on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price target on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Finally, Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.86.

Controladora Vuela Compania de Aviacion Stock Down 1.3%

Shares of VLRS opened at $6.87 on Friday. The company has a market cap of $801.28 million, a PE ratio of -6.42 and a beta of 1.77. The business has a fifty day moving average of $7.29 and a 200 day moving average of $8.04. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52-week low of $4.15 and a 52-week 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.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released 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 return on equity of 50.26% and a negative net margin of 3.96%.The business had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. On average, sell-side analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 EPS for the current year.

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.