Diversify Wealth Management LLC Makes New Investment in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Diversify Wealth Management LLC bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 180,128 shares of the transportation company’s stock, valued at approximately $1,279,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLRS. UBS Group AG grew its stake in Controladora Vuela Compania de Aviacion by 108.5% in the fourth quarter. UBS Group AG now owns 432,989 shares of the transportation company’s stock worth $3,845,000 after purchasing an additional 225,336 shares during the period. M&T Bank Corp purchased a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at $1,219,000. AdvisorShares Investments LLC purchased a new position in Controladora Vuela Compania de Aviacion during the first quarter valued at $860,000. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 295.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 177,945 shares of the transportation company’s stock valued at $1,580,000 after buying an additional 132,973 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 143.3% during the 4th quarter. Savant Capital LLC now owns 26,177 shares of the transportation company’s stock valued at $232,000 after buying an additional 15,416 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Insider Activity

In other news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director directly owned 2,946,050 shares in the company, valued at $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.51% of the stock is currently owned by insiders.

Controladora Vuela Compania de Aviacion Stock Up 2.9%

VLRS stock opened at $8.03 on Thursday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1-year low of $4.40 and a 1-year high of $10.80. The business has a fifty day moving average price of $8.03 and a 200-day moving average price of $8.31. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. The stock has a market capitalization of $935.72 million, a P/E ratio of -7.50 and a beta of 1.72.

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 the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The business had revenue of $770.00 million for the quarter, compared to analysts’ expectations of $44.60 million. Equities analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a research note on Friday, June 12th. Barclays dropped their price objective 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 note on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. 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 target price for the company. in a research note on Monday, April 13th. Finally, Jefferies Financial Group initiated coverage on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They set a “hold” rating and a $10.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.87.

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.