Short Interest in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Rises By 28.9%

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,626,815 shares, a growth of 28.9% from the February 26th total of 2,038,267 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,195,126 shares, the days-to-cover ratio is currently 2.2 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on VLRS. Bank of America boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a report on Monday, December 22nd. Barclays decreased their target price on Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Zacks Research cut Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.74.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in shares of Controladora Vuela Compania de Aviacion by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 5,053,229 shares of the transportation company’s stock valued at $44,873,000 after buying an additional 128,088 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Controladora Vuela Compania de Aviacion by 48.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after acquiring an additional 565,250 shares during the last quarter. Thomist Capital Management LP increased its position in Controladora Vuela Compania de Aviacion by 3.9% in the 4th quarter. Thomist Capital Management LP now owns 1,009,652 shares of the transportation company’s stock valued at $8,916,000 after acquiring an additional 37,457 shares in the last quarter. Millennium Management LLC increased its position in Controladora Vuela Compania de Aviacion by 126.5% in the 4th quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock valued at $8,796,000 after acquiring an additional 553,251 shares in the last quarter. Finally, Fourth Sail Capital LP raised its stake in shares of Controladora Vuela Compania de Aviacion by 0.4% in the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after acquiring an additional 3,277 shares during the last quarter. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compania de Aviacion Trading Down 0.3%

VLRS stock opened at $6.93 on Monday. Controladora Vuela Compania de Aviacion has a 1-year low of $3.49 and a 1-year high of $10.80. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $8.76 and its 200-day moving average is $7.90. The firm has a market cap of $807.67 million, a P/E ratio of -7.78 and a beta of 1.86.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Sunday, February 15th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $882.00 million during the quarter. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. Equities analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.