Acuitas Investments LLC Increases Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Acuitas Investments LLC boosted its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 173.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,300 shares of the transportation company’s stock after buying an additional 57,900 shares during the quarter. Acuitas Investments LLC owned approximately 0.10% of Controladora Vuela Compañía de Aviación worth $856,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $83,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Controladora Vuela Compañía de Aviación by 14.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock worth $96,000 after purchasing an additional 1,759 shares during the period. American Trust lifted its stake in shares of Controladora Vuela Compañía de Aviación by 7.8% during the 3rd quarter. American Trust now owns 25,365 shares of the transportation company’s stock worth $172,000 after purchasing an additional 1,837 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $214,000. Finally, Deltec Asset Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $235,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VLRS. TD Cowen dropped 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 report on Thursday, February 29th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Barclays upped their price objective on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a research report on Friday, January 26th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $14.02.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE VLRS traded down $0.33 during trading hours on Friday, reaching $8.45. The company’s stock had a trading volume of 162,775 shares, compared to its average volume of 510,941. The business has a 50-day simple moving average of $7.48 and a 200 day simple moving average of $7.60. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52 week low of $5.52 and a 52 week high of $15.05. The stock has a market cap of $741.83 million, a PE ratio of 9.05 and a beta of 2.55. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, February 26th. The transportation company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $899.00 million for the quarter, compared to analyst estimates of $882.80 million. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 54.44%. During the same quarter last year, the business earned $0.24 earnings per share. Equities research analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.43 earnings per share for the current fiscal year.

About Controladora Vuela Compañía de Aviación

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.