Millennium Management LLC Cuts Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Millennium Management LLC reduced its position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 70.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,003,032 shares of the transportation company’s stock after selling 2,418,347 shares during the quarter. Millennium Management LLC owned about 0.86% of Controladora Vuela Compañía de Aviación worth $7,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Controladora Vuela Compañía de Aviación by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after buying an additional 1,641 shares during the period. R Squared Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth $68,000. Prudential Financial Inc. purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth $79,000. Sei Investments Co. acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Finally, MMA Asset Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $112,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VLRS shares. Wall Street Zen downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Morgan Stanley downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 price target for the company. in a report on Tuesday, April 29th. UBS Group lowered their price target on Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, May 15th. Barclays downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $12.00 to $4.50 in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price target on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.27.

Controladora Vuela Compañía de Aviación Stock Up 3.2%

Shares of Controladora Vuela Compañía de Aviación stock opened at $4.42 on Tuesday. The business has a 50-day moving average of $4.60 and a 200-day moving average of $6.60. 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 company has a market capitalization of $514.78 million, a PE ratio of 2.66 and a beta of 2.06. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1-year low of $3.49 and a 1-year high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. The company had revenue of $678.00 million during the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. As a group, equities analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

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.