Truist Financial Corp Invests $189,000 in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Truist Financial Corp purchased a new position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,364 shares of the transportation company’s stock, valued at approximately $189,000.

A number of other hedge funds also recently modified their holdings of the business. Capital Research Global Investors lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 25.7% during the fourth quarter. Capital Research Global Investors now owns 2,738,000 shares of the transportation company’s stock worth $49,202,000 after purchasing an additional 560,000 shares during the period. Gluskin Sheff & Assoc Inc. raised its stake in Controladora Vuela Compañía de Aviación by 139.2% during the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 1,375,926 shares of the transportation company’s stock worth $24,725,000 after buying an additional 800,784 shares during the last quarter. U S Global Investors Inc. raised its stake in Controladora Vuela Compañía de Aviación by 14.5% during the fourth quarter. U S Global Investors Inc. now owns 999,918 shares of the transportation company’s stock worth $17,969,000 after buying an additional 126,711 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Controladora Vuela Compañía de Aviación by 443.8% during the fourth quarter. JPMorgan Chase & Co. now owns 694,200 shares of the transportation company’s stock worth $12,475,000 after buying an additional 566,532 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Controladora Vuela Compañía de Aviación by 36,086.6% during the fourth quarter. Bank of America Corp DE now owns 610,830 shares of the transportation company’s stock worth $10,977,000 after buying an additional 609,142 shares during the last quarter. Institutional investors and hedge funds own 52.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VLRS. The Goldman Sachs Group lowered their target price on shares of Controladora Vuela Compañía de Aviación from $25.20 to $19.70 and set a “buy” rating for the company in a research note on Tuesday, July 5th. TheStreet downgraded shares of Controladora Vuela Compañía de Aviación from a “c-” rating to a “d” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Controladora Vuela Compañía de Aviación from $20.00 to $18.00 and set a “maintains” rating for the company in a research note on Monday, July 25th. Barclays decreased their price target on shares of Controladora Vuela Compañía de Aviación from $27.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Finally, Citigroup decreased their price target on shares of Controladora Vuela Compañía de Aviación from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, July 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.39.

Controladora Vuela Compañía de Aviación Stock Down 1.4 %

Shares of NYSE VLRS opened at $9.70 on Monday. The stock has a market capitalization of $1.08 billion, a P/E ratio of -34.64 and a beta of 2.60. The company has a 50-day moving average price of $11.49 and a 200-day moving average price of $15.18. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1 year low of $8.67 and a 1 year high of $23.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.77.

Controladora Vuela Compañía de Aviación Profile

(Get Rating)

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiaries, 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 410 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, and 3 cities in Central America.

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