Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Given Average Rating of “Hold” by Brokerages

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.87.

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target on the stock. in a research report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Jefferies Financial Group began coverage on shares of Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They issued a “hold” rating and a $10.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, June 12th. Finally, Barclays decreased their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th.

Controladora Vuela Compania de Aviacion Stock Down 1.7%

Shares of VLRS stock opened at $9.21 on Thursday. The company’s fifty day simple moving average is $7.81 and its two-hundred day simple moving average is $8.31. Controladora Vuela Compania de Aviacion has a 52 week low of $4.34 and a 52 week high of $10.80. The stock has a market cap of $1.07 billion, a P/E ratio of -8.61 and a beta of 1.72. 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 issued its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $44.60 million. Analysts predict that Controladora Vuela Compania de Aviacion will post -2.29 EPS for the current fiscal year.

Insider Activity

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of the firm’s stock in a transaction dated 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 owned 2,946,050 shares of the company’s stock, valued at $22,213,217. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.51% of the company’s stock.

Institutional Trading of Controladora Vuela Compania de Aviacion

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in shares of Controladora Vuela Compania de Aviacion by 2.6% during the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Controladora Vuela Compania de Aviacion by 48.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after purchasing an additional 565,250 shares during the last quarter. Thomist Capital Management LP increased its stake in Controladora Vuela Compania de Aviacion by 3.9% in the 4th 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 during the period. Millennium Management LLC increased its stake in Controladora Vuela Compania de Aviacion by 126.5% in the 4th 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 during the period. Finally, Fourth Sail Capital LP lifted its holdings in Controladora Vuela Compania de Aviacion by 0.4% during the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after buying an additional 3,277 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.