Russell Investments Group Ltd. Boosts Stock Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Russell Investments Group Ltd. lifted its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 378.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,062 shares of the transportation company’s stock after acquiring an additional 49,080 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of Controladora Vuela Compañía de Aviación worth $461,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of Controladora Vuela Compañía de Aviación by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,135 shares during the period. R Squared Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at $68,000. WCM Investment Management LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 13.3% during the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after buying an additional 291,252 shares during the last quarter. MMA Asset Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth $112,000. Finally, Victory Capital Management Inc. increased its holdings in Controladora Vuela Compañía de Aviación by 146.0% in the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock worth $1,376,000 after acquiring an additional 109,776 shares during the last quarter. 53.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on VLRS shares. UBS Group raised their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Citigroup cut their price target on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Itau BBA Securities began coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price objective on the stock. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of “Moderate Buy” and an average price target of $12.43.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $4.66 on Thursday. The firm has a 50 day simple moving average of $5.66 and a two-hundred day simple moving average of $7.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a market cap of $543.35 million, a PE ratio of 2.81 and a beta of 2.17. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a one year low of $4.32 and a one year high of $9.19.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The firm had revenue of $835.00 million during the quarter, compared to analysts’ expectations of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. On average, analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

About Controladora Vuela Compañía de Aviación

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.