Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Short Interest Update

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,626,815 shares, a growth of 28.9% from the February 26th total of 2,038,267 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,195,126 shares, the days-to-cover ratio is presently 2.2 days.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VLRS shares. JPMorgan Chase & Co. decreased their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays reduced their price objective on shares of Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Finally, Bank of America boosted their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.74.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VLRS. American Century Companies Inc. raised its position in shares of Controladora Vuela Compania de Aviacion by 2.8% during the 2nd 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 period. M&T Bank Corp purchased a new position in Controladora Vuela Compania de Aviacion in the second quarter worth approximately $704,000. Diametric Capital LP acquired a new stake in Controladora Vuela Compania de Aviacion during the second quarter worth $1,067,000. Jump Financial LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the second quarter valued at $1,611,000. Finally, Shay Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the second quarter valued at $214,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Performance

VLRS opened at $7.25 on Wednesday. Controladora Vuela Compania de Aviacion has a twelve month low of $3.49 and a twelve month high of $10.80. The firm has a market capitalization of $845.12 million, a PE ratio of -8.14 and a beta of 1.86. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.68. The firm’s 50-day moving average price is $8.70 and its 200 day moving average price is $7.91.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Sunday, February 15th. The transportation company reported $0.04 EPS for the quarter. The company had revenue of $882.00 million during the quarter. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. As a group, sell-side analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

About Controladora Vuela Compania de Aviacion

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.