Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Climb 7.7% – What’s Next?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) traded up 7.7% during trading on Tuesday. The company traded as high as $6.09 and last traded at $6.0540. 300,819 shares changed hands during trading, a decline of 52% from the average daily volume of 622,477 shares. The stock had previously closed at $5.62.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLRS. Weiss Ratings cut shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 31st. The Goldman Sachs Group lowered their price objective on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. UBS Group increased their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion presently has an average rating of “Hold” and an average price target of $9.40.

Controladora Vuela Compania de Aviacion Trading Up 9.2%

The stock has a market cap of $715.33 million, a PE ratio of -3.75 and a beta of 1.81. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a fifty day moving average price of $6.55 and a 200 day moving average price of $7.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $973.74 million. Equities analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 5.6% in the 3rd quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock worth $212,000 after acquiring an additional 1,710 shares during the last quarter. WINTON GROUP Ltd bought a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $653,000. FNY Investment Advisers LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the 2nd quarter worth about $187,000. GAMMA Investing LLC lifted its stake in Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Controladora Vuela Compania de Aviacion in the first quarter worth about $1,103,000. Institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.