Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Down 5.1% – What’s Next?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s stock price traded down 5.1% on Thursday . The stock traded as low as $8.66 and last traded at $8.7290. 5,818 shares were traded during trading, a decline of 99% from the average session volume of 559,111 shares. The stock had previously closed at $9.20.

Analysts Set New Price Targets

A number of brokerages have commented on VLRS. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.00 price objective (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Bank of America increased their target price 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, December 22nd. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.22.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73. The stock has a market cap of $1.03 billion, a P/E ratio of -16.42 and a beta of 1.89. The firm’s 50-day moving average is $7.92 and its two-hundred day moving average is $6.70.

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

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently made changes to their positions in VLRS. Inspire Investing LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at approximately $55,000. Savant Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion during the third quarter valued at approximately $77,000. Inspire Advisors LLC raised its position in shares of Controladora Vuela Compania de Aviacion by 44.7% in the second 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 period. Aquatic Capital Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter worth $146,000. Finally, Shay Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth $214,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

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.