15,000 Shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Bought by MMA Asset Management LLC

MMA Asset Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the transportation company’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLRS. Aigen Investment Management LP acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $92,000. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $108,000. BNP Paribas Financial Markets increased its stake in Controladora Vuela Compañía de Aviación by 157.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after buying an additional 51,580 shares during the last quarter. Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $320,000. Finally, Quadrature Capital Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $130,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLRS has been the topic of several recent research reports. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday. Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, UBS Group lifted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Up 2.2 %

Controladora Vuela Compañía de Aviación stock opened at $6.49 on Friday. The firm has a market capitalization of $756.72 million, a PE ratio of 3.91 and a beta of 2.45. The company’s 50-day moving average is $7.94 and its 200-day moving average is $7.31. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a fifty-two week low of $5.15 and a fifty-two week high of $9.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.16). The company had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. Sell-side analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Controladora Vuela Compañía de Aviación Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.