Controladora Vuela Compania de Aviacion (NYSE:VLRS) Trading Down 5.5% – Here’s Why

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) dropped 5.5% during trading on Monday . The company traded as low as $9.34 and last traded at $8.9720. Approximately 68,687 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 830,805 shares. The stock had previously closed at $9.49.

Analyst Ratings Changes

A number of brokerages recently weighed in on VLRS. Barclays upgraded shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $9.00 to $11.00 in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.92.

Controladora Vuela Compania de Aviacion Stock Down 1.6%

The business has a fifty day moving average of $7.07 and a 200-day moving average of $6.13. The stock has a market cap of $1.09 billion, a PE ratio of -17.29 and a beta of 1.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.67 and a quick ratio of 0.66.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Monday, October 27th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The firm had revenue of $784.00 million for the quarter, compared to the consensus estimate of $783.85 million. Equities research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at $55,000. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter worth about $77,000. Inspire Advisors LLC grew its stake in Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 7,929 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter valued at about $146,000. Finally, Shay Capital LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $214,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.