Controladora Vuela Compañía de Aviación (NYSE:VLRS) Reaches New 52-Week Low – Time to Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.08 and last traded at $5.13, with a volume of 37492 shares. The stock had previously closed at $5.22.

Analyst Ratings Changes

VLRS has been the topic of several research analyst reports. UBS Group boosted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Citigroup decreased their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Itau BBA Securities began coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.88.

Controladora Vuela Compañía de Aviación Trading Down 1.2 %

The business has a 50 day simple moving average of $7.02 and a 200-day simple moving average of $7.29. The stock has a market capitalization of $601.06 million, a price-to-earnings ratio of 3.11 and a beta of 2.48. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The firm had revenue of $835.00 million for the quarter, compared to analysts’ expectations of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. On average, equities analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third 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 bought a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth approximately $320,000. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $130,000. Stifel Financial Corp lifted its position in shares of Controladora Vuela Compañía de Aviación by 9.0% in the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 3,135 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $212,000. 53.32% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compañía de Aviación

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.