Controladora Vuela Compania de Aviacion (NYSE:VLRS) Hits New 52-Week Low – Time to Sell?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s stock price hit a new 52-week low during trading on Monday. The stock traded as low as $5.46 and last traded at $5.5160, with a volume of 81,012 shares traded. The stock had previously closed at $5.68.

Analyst Ratings Changes

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

Controladora Vuela Compania de Aviacion Stock Down 1.5%

The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s 50-day moving average is $6.53 and its 200 day moving average is $7.43. The firm has a market capitalization of $652.38 million, a PE ratio of -3.41 and a beta of 1.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Controladora Vuela Compania de Aviacion by 238.7% in the second 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 lifted its position in Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $187,000. Y Intercept Hong Kong Ltd acquired a new position in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $177,000. Finally, Personal CFO Solutions LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $221,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

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.