Controladora Vuela Compania de Aviacion (NYSE:VLRS) Director William Dean Donovan Sells 50,000 Shares of Stock

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the director directly owned 3,046,050 shares of the company’s stock, valued at approximately $22,327,546.50. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Controladora Vuela Compania de Aviacion Price Performance

Shares of NYSE VLRS opened at $6.91 on Friday. The firm has a market capitalization of $806.06 million, a P/E ratio of -6.46 and a beta of 1.77. The firm’s 50-day moving average price is $7.39 and its 200-day moving average price is $8.05. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1-year low of $4.15 and a 1-year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results 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 firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $44.60 million. Equities research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VLRS has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. 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 target for the company. in a research note on Monday, April 13th. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective on the stock. in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. dropped their price objective 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 note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion has a consensus rating of “Hold” and an average target price of $8.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VLRS. Public Employees Retirement System of Ohio purchased a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $28,000. Savant Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the 3rd quarter valued at $77,000. R Squared Ltd purchased a new stake in Controladora Vuela Compania de Aviacion in the 4th quarter valued at $100,000. Engineers Gate Manager LP bought a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at $137,000. Finally, Aquatic Capital Management LLC bought a new position in Controladora Vuela Compania de Aviacion during the 3rd quarter valued at $146,000. Institutional investors own 53.32% of the company’s stock.

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.