Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.11 and traded as low as $7.27. Controladora Vuela Compania de Aviacion shares last traded at $7.3530, with a volume of 186,486 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target on the stock. in a research report on Thursday, May 7th. Barclays dropped their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. JPMorgan Chase & Co. dropped their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group lowered 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 research note on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.86.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.66 and a current ratio of 0.67. The stock has a market cap of $857.36 million, a PE ratio of -6.87 and a beta of 1.77. The company’s 50 day simple moving average is $7.38 and its 200 day simple moving average is $8.11.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The firm had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. 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.

Insider Activity

In other news, Director William Dean Donovan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares in the company, valued at $22,213,217. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Controladora Vuela Compania de Aviacion by 55.4% during the 1st quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock worth $4,264,000 after purchasing an additional 209,978 shares during the last quarter. Royal Bank of Canada grew its stake in Controladora Vuela Compania de Aviacion by 6,204.9% in the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after buying an additional 7,632 shares in the last quarter. Empowered Funds LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at approximately $1,103,000. Cetera Investment Advisers purchased a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at approximately $258,000. Finally, Dorsey Wright & Associates purchased a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at approximately $1,840,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.