State of Wyoming Makes New $417,000 Investment in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

State of Wyoming purchased a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,092 shares of the transportation company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Investing LLC increased its position in shares of Controladora Vuela Compania de Aviacion by 20.7% in the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after buying an additional 2,389 shares in the last quarter. Inspire Advisors LLC grew its stake in Controladora Vuela Compania de Aviacion by 10.1% in the third quarter. Inspire Advisors LLC now owns 28,275 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 2,594 shares during the period. American Century Companies Inc. increased its holdings in shares of Controladora Vuela Compania de Aviacion by 2.8% in the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after acquiring an additional 7,626 shares in the last quarter. Janney Capital Management LLC increased its holdings in shares of Controladora Vuela Compania de Aviacion by 74.8% in the third quarter. Janney Capital Management LLC now owns 64,280 shares of the transportation company’s stock worth $462,000 after acquiring an additional 27,504 shares in the last quarter. Finally, Shay Capital LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth about $214,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Up 1.1%

NYSE VLRS opened at $10.22 on Thursday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12-month low of $3.49 and a 12-month high of $10.58. The firm’s 50 day moving average is $8.78 and its 200-day moving average is $7.20. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 price objective (up previously from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 14th. Barclays upgraded shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $9.00 to $11.00 in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Finally, Bank of America increased their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.22.

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.