Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen downgraded shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a hold rating to a sell rating in a research note released on Saturday morning,Wall Street Zen reports.

VLRS has been the subject of several other research reports. UBS Group boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reduced their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Zacks Research cut Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Finally, Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.40.

Controladora Vuela Compania de Aviacion Trading Down 0.1%

VLRS opened at $5.68 on Friday. The firm has a market cap of $662.87 million, a price-to-earnings ratio of -3.47 and a beta of 1.81. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.78. Controladora Vuela Compania de Aviacion has a 12 month low of $5.50 and a 12 month high of $10.80. The stock has a fifty day moving average price of $6.53 and a 200-day moving average price of $7.42.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Controladora Vuela Compania de Aviacion by 238.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after buying an additional 2,301 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Controladora Vuela Compania de Aviacion by 6,204.9% in the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after acquiring an additional 7,632 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth approximately $177,000. FNY Investment Advisers LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth approximately $187,000. Finally, Confluence Investment Management LLC increased its position in shares of Controladora Vuela Compania de Aviacion by 5.6% during the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock worth $212,000 after purchasing an additional 1,710 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 Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.