Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Unusually-High Trading Volume

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRSGet Rating) shares saw strong trading volume on Wednesday . 23,460 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 715,836 shares.The stock last traded at $8.73 and had previously closed at $8.77.

Analyst Ratings Changes

Several equities research analysts have issued reports on VLRS shares. Citigroup cut their target price on Controladora Vuela Compañía de Aviación from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Evercore ISI decreased their price target on Controladora Vuela Compañía de Aviación from $30.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, June 27th. JPMorgan Chase & Co. began coverage on Controladora Vuela Compañía de Aviación in a research report on Monday, June 6th. They set an “overweight” rating and a $23.00 target price on the stock. The Goldman Sachs Group cut their target price on Controladora Vuela Compañía de Aviación from $25.20 to $19.70 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Finally, TheStreet cut Controladora Vuela Compañía de Aviación from a “c-” rating to a “d” rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación has an average rating of “Moderate Buy” and an average price target of $20.67.

Controladora Vuela Compañía de Aviación Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.78. The business’s 50-day simple moving average is $9.57 and its two-hundred day simple moving average is $12.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRSGet Rating) last issued its earnings results on Thursday, July 21st. The transportation company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.01. Controladora Vuela Compañía de Aviación had a negative net margin of 1.29% and a positive return on equity of 19.98%. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $705.58 million. As a group, sell-side analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post -0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently modified their holdings of VLRS. Samalin Investment Counsel LLC increased its holdings in shares of Controladora Vuela Compañía de Aviación by 146.2% during the 4th quarter. Samalin Investment Counsel LLC now owns 3,200 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,900 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Controladora Vuela Compañía de Aviación in the first quarter valued at approximately $102,000. Advisor Group Holdings Inc. increased its stake in Controladora Vuela Compañía de Aviación by 409.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,610 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 4,509 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 60.4% in the first quarter. Penserra Capital Management LLC now owns 9,519 shares of the transportation company’s stock valued at $173,000 after buying an additional 3,585 shares during the period. Finally, Personal CFO Solutions LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the first quarter valued at approximately $182,000. Institutional investors and hedge funds own 49.21% of the company’s stock.

About Controladora Vuela Compañía de Aviación

(Get Rating)

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiaries, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 410 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, and 3 cities in Central America.

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