Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Sees Significant Decrease in Short Interest

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 2,498,832 shares, a decline of 15.6% from the March 31st total of 2,959,211 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 589,480 shares, the short-interest ratio is currently 4.2 days.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $28,000. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the third quarter worth about $77,000. Inspire Investing LLC raised its stake in Controladora Vuela Compania de Aviacion by 20.7% during the third quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock worth $100,000 after acquiring an additional 2,389 shares during the period. R Squared Ltd acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth about $100,000. Finally, Engineers Gate Manager LP acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth about $137,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analysts Set New Price Targets

VLRS has been the subject of several research reports. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Thursday, March 12th. The Goldman Sachs Group cut 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 report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Finally, Barclays decreased their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.04.

Controladora Vuela Compania de Aviacion Stock Down 2.1%

VLRS stock traded down $0.15 during trading on Friday, reaching $7.26. The stock had a trading volume of 238,258 shares, compared to its average volume of 519,823. Controladora Vuela Compania de Aviacion has a 1-year low of $3.68 and a 1-year high of $10.80. The company has a current ratio of 0.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $846.27 million, a P/E ratio of -6.78 and a beta of 1.78. The firm has a fifty day moving average price of $7.60 and a 200 day moving average price of $8.01.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%.The firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $44.60 million. On average, equities analysts anticipate that Controladora Vuela Compania de Aviacion will post -1.6 earnings per share for the current 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.