Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Gap Up to $8.02

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) gapped up prior to trading on Tuesday . The stock had previously closed at $8.02, but opened at $8.54. Controladora Vuela Compañía de Aviación shares last traded at $9.31, with a volume of 545,389 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a report on Friday, January 26th. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, TD Cowen lowered their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has an average rating of “Buy” and an average price target of $14.22.

Controladora Vuela Compañía de Aviación Stock Up 9.9 %

The company has a market cap of $773.43 million, a P/E ratio of 114.59 and a beta of 2.55. The stock’s 50-day moving average price is $7.40 and its 200-day moving average price is $7.58. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, February 26th. The transportation company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The company had revenue of $899.00 million during the quarter, compared to the consensus estimate of $882.80 million. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. During the same period in the previous year, the firm posted $0.24 earnings per share. As a group, research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently modified their holdings of the business. Par Capital Management Inc. boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 3,928.4% in the 4th quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock worth $20,683,000 after purchasing an additional 2,150,263 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 51.4% in the 4th quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock worth $15,971,000 after acquiring an additional 570,449 shares during the last quarter. Moneda S.A. Administradora General de Fondos grew its holdings in shares of Controladora Vuela Compañía de Aviación by 11.2% during the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 1,152,956 shares of the transportation company’s stock valued at $10,815,000 after purchasing an additional 116,299 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in Controladora Vuela Compañía de Aviación by 2,264.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after purchasing an additional 918,776 shares during the period. Finally, Fiera Capital Corp bought a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth $3,764,000. 53.32% of the stock is 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.