Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC cut its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,400 shares of the transportation company’s stock after selling 18,200 shares during the period. Acuitas Investments LLC owned approximately 0.12% of Controladora Vuela Compañía de Aviación worth $925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Controladora Vuela Compañía de Aviación by 174.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 3,324 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $43,000. Renaissance Group LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 7.4% in the 4th quarter. Renaissance Group LLC now owns 238,810 shares of the transportation company’s stock valued at $2,240,000 after acquiring an additional 16,433 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $169,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Controladora Vuela Compañía de Aviación by 74.5% in the 4th quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 18,247 shares in the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen reduced their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Morgan Stanley initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They issued an “overweight” rating and a $12.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and a consensus target price of $12.52.

Controladora Vuela Compañía de Aviación Stock Up 5.5 %

Controladora Vuela Compañía de Aviación stock opened at $5.91 on Friday. The firm has a market cap of $689.09 million, a PE ratio of 6.09 and a beta of 2.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The firm’s 50 day moving average price is $5.98 and its two-hundred day moving average price is $7.02. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $5.15 and a twelve month high of $10.46.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The company had revenue of $726.00 million for the quarter, compared to analyst estimates of $739.87 million. On average, research analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.86 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.