Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Down 6.7% – What’s Next?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s share price was down 6.7% during trading on Wednesday . The company traded as low as $8.40 and last traded at $8.4750. Approximately 395,618 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 712,252 shares. The stock had previously closed at $9.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VLRS. JPMorgan Chase & Co. dropped their price objective on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, June 12th. The Goldman Sachs Group downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective for the company. in a research note on Monday, April 13th. Itau BBA Securities lowered Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target on the stock. in a research note on Thursday, May 7th. Barclays cut their price target 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 report on Thursday, April 30th. Finally, Jefferies Financial Group initiated coverage on shares of Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price for the company. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.87.

Controladora Vuela Compania de Aviacion Stock Down 1.2%

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 firm has a market capitalization of $976.99 million, a P/E ratio of -7.85 and a beta of 1.72. The firm’s 50 day moving average is $7.98 and its two-hundred day moving average is $8.34.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released 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). The business had revenue of $770.00 million for the quarter, compared to analyst estimates of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. Research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 EPS for the current year.

Insiders Place Their Bets

In other Controladora Vuela Compania de Aviacion 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 in the company, valued at $22,213,217. The trade was a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in 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 valued at $1,337,000 after buying an additional 7,626 shares during the last quarter. Jump Financial LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $1,611,000. Shay Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at approximately $214,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Controladora Vuela Compania de Aviacion by 48.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after buying an additional 565,250 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Controladora Vuela Compania de Aviacion by 127.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 58,177 shares of the transportation company’s stock worth $418,000 after buying an additional 32,596 shares during the period. Hedge funds and other 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.