Controladora Vuela Compania de Aviacion (NYSE:VLRS) Director William Dean Donovan Sells 50,000 Shares

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total transaction of $377,000.00. Following the sale, the director directly owned 2,996,050 shares of the company’s stock, valued at $22,590,217. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

William Dean Donovan also recently made the following trade(s):

• On Tuesday, May 12th, William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00.

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock opened at $7.83 on Friday. The company has a market cap of $912.38 million, a PE ratio of -7.31 and a beta of 1.77. The company has a fifty day moving average price of $7.33 and a two-hundred day moving average price of $8.07. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $4.15 and a 12 month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The business had revenue of $770.00 million during the quarter, compared to analyst estimates of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. Research analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at $28,000. Royal Bank of Canada boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares during the period. Savant Capital LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion during the third quarter valued at $77,000. R Squared Ltd acquired a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at $100,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at $137,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective for the company. in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a report on Thursday, May 7th. Finally, Barclays decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Controladora Vuela Compania de Aviacion currently has an average rating of “Hold” and an average target price of $8.86.

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.