Controladora Vuela Compania de Aviacion (NYSE:VLRS) Director William Dean Donovan Sells 50,000 Shares

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director directly owned 2,996,050 shares of the company’s stock, valued at approximately $22,590,217. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

William Dean Donovan also recently made the following trade(s):

• On Tuesday, May 12th, William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock. The shares were sold at an average price of $7.33, for a total value of $366,500.00.

Controladora Vuela Compania de Aviacion Stock Up 1.4%

Shares of NYSE VLRS traded up $0.11 during trading hours on Friday, hitting $7.83. The stock had a trading volume of 889,285 shares, compared to its average volume of 730,880. The company has a market capitalization of $912.40 million, a P/E ratio of -7.31 and a beta of 1.77. The firm’s 50-day moving average price is $7.31 and its two-hundred day moving average price is $8.07. 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 debt-to-equity ratio of 1.90, a quick ratio of 0.66 and a current ratio of 0.67.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced 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). The firm had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. Analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 EPS for the current fiscal year.

Analysts Set New Price Targets

VLRS has been the topic of several recent research reports. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Itau BBA Securities lowered 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 report on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. 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, April 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.86.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $28,000. Fourth Sail Capital LP boosted its holdings in Controladora Vuela Compania de Aviacion by 0.4% during the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after purchasing an additional 3,277 shares in the last quarter. State Street Corp boosted its holdings in Controladora Vuela Compania de Aviacion by 4.7% during the fourth quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock valued at $696,000 after purchasing an additional 3,533 shares in the last quarter. American Century Companies Inc. boosted its holdings in Controladora Vuela Compania de Aviacion by 2.8% during 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 in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 7,632 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.