Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.2125.

Several analysts have recently weighed in on the company. Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday. Itau BBA Securities lowered 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. 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 on the stock. in a research report on Monday, April 13th. Barclays reduced their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, 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 report on Friday, June 12th.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction 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 sale, the director owned 2,946,050 shares of the company’s stock, valued at $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VLRS. Arrowstreet Capital Limited Partnership boosted its holdings in Controladora Vuela Compania de Aviacion by 48.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after acquiring an additional 565,250 shares during the last quarter. Millennium Management LLC increased its position in Controladora Vuela Compania de Aviacion by 126.5% during the 4th quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock valued at $8,796,000 after purchasing an additional 553,251 shares during the period. Jump Financial LLC bought a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $1,611,000. Walleye Capital LLC raised its holdings in Controladora Vuela Compania de Aviacion by 100.6% during the 4th quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock worth $4,683,000 after purchasing an additional 264,446 shares during the last quarter. Finally, Dorsey Wright & Associates acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $1,840,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Trading Up 0.1%

NYSE VLRS opened at $7.84 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78. Controladora Vuela Compania de Aviacion has a twelve month low of $5.49 and a twelve month high of $10.80. The company has a market cap of $913.78 million, a price-to-earnings ratio of -4.78 and a beta of 1.72. The business’s fifty day moving average is $8.22 and its 200 day moving average is $8.19.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). The firm had revenue of $859.00 million for the quarter, compared to the consensus estimate of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. As a group, sell-side analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current fiscal year.

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.