Controladora Vuela Compañía de Aviación (NYSE:VLRS) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other equities analysts have also recently issued reports about the company. Bank of America raised their price objective on Controladora Vuela Compañía de Aviación from $20.00 to $23.00 in a research note on Monday, May 15th. Evercore ISI reduced their price objective on Controladora Vuela Compañía de Aviación from $17.00 to $15.00 and set an outperform rating on the stock in a research note on Monday. Finally, Barclays raised their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $22.00 in a research note on Monday, July 10th.

Controladora Vuela Compañía de Aviación Trading Up 1.3 %

NYSE VLRS opened at $10.15 on Wednesday. Controladora Vuela Compañía de Aviación has a one year low of $6.86 and a one year high of $15.05. The company’s 50 day moving average price is $12.20 and its 200 day moving average price is $12.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.65 and a current ratio of 0.66. The firm has a market capitalization of $891.07 million, a price-to-earnings ratio of -507.50, a PEG ratio of 1.51 and a beta of 2.44.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Monday, July 24th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.19). Controladora Vuela Compañía de Aviación had a net margin of 0.10% and a return on equity of 1.58%. The firm had revenue of $782.00 million during the quarter, compared to analyst estimates of $803.78 million. On average, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 0.66 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds have recently added to or reduced their stakes in the stock. Privium Fund Management UK Ltd raised its stake in shares of Controladora Vuela Compañía de Aviación by 303.5% during the first quarter. Privium Fund Management UK Ltd now owns 167,717 shares of the transportation company’s stock valued at $2,038,000 after purchasing an additional 126,154 shares in the last quarter. Fund 1 Investments LLC purchased a new position in Controladora Vuela Compañía de Aviación in the 4th quarter worth about $398,000. Gluskin Sheff & Assoc Inc. grew its stake in Controladora Vuela Compañía de Aviación by 3.3% during the 4th quarter. Gluskin Sheff & Assoc Inc. now owns 1,432,157 shares of the transportation company’s stock valued at $11,973,000 after acquiring an additional 46,300 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Controladora Vuela Compañía de Aviación during the 1st quarter valued at about $132,000. Finally, Victory Capital Management Inc. grew its stake in Controladora Vuela Compañía de Aviación by 232.1% during the 1st quarter. Victory Capital Management Inc. now owns 75,176 shares of the transportation company’s stock valued at $935,000 after acquiring an additional 52,541 shares in the last quarter. 51.93% of the stock is currently owned by institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, 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 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.