Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Large Volume Increase

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRSGet Rating) shares saw an uptick in trading volume on Wednesday . 23,460 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 715,836 shares.The stock last traded at $8.73 and had previously closed at $8.77.

Analyst Ratings Changes

A number of research firms have recently weighed in on VLRS. 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. Citigroup reduced their price target on shares of Controladora Vuela Compañía de Aviación from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Evercore ISI cut their target price on shares of Controladora Vuela Compañía de Aviación from $30.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, June 27th. Barclays cut their target price on shares of Controladora Vuela Compañía de Aviación from $27.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Controladora Vuela Compañía de Aviación from $30.00 to $20.00 in a research report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.

Controladora Vuela Compañía de Aviación Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $9.57 and its 200-day simple moving average is $12.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRSGet Rating) last released its quarterly earnings results on Thursday, July 21st. The transportation company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.01. Controladora Vuela Compañía de Aviación had a negative net margin of 1.29% and a positive return on equity of 19.98%. The firm had revenue of $691.00 million during the quarter, compared to analyst estimates of $705.58 million. Analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post -0.57 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds have recently modified their holdings of the stock. Samalin Investment Counsel LLC increased its stake in shares of Controladora Vuela Compañía de Aviación by 146.2% in the 4th quarter. Samalin Investment Counsel LLC now owns 3,200 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,900 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 1st quarter valued at $102,000. Advisor Group Holdings Inc. increased its stake in shares of Controladora Vuela Compañía de Aviación by 409.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,610 shares of the transportation company’s stock valued at $101,000 after acquiring an additional 4,509 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Controladora Vuela Compañía de Aviación by 60.4% in the 1st quarter. Penserra Capital Management LLC now owns 9,519 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 3,585 shares in the last quarter. Finally, Personal CFO Solutions LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 1st quarter valued at $182,000. Institutional investors own 49.21% of the company’s stock.

About Controladora Vuela Compañía de Aviación

(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.

See Also

Receive News & Ratings for Controladora Vuela Compañía de Aviación Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Compañía de Aviación and related companies with MarketBeat.com's FREE daily email newsletter.