Controladora Vuela Compania de Aviacion (NYSE:VLRS) Director Sells $377,000.00 in Stock

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the transaction, the director directly owned 2,996,050 shares in the company, valued at $22,590,217. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

William Dean Donovan also recently made the following trade(s):

• On Tuesday, May 12th, William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock. The stock was sold at an average price of $7.33, for a total value of $366,500.00.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS traded up $0.11 on Friday, hitting $7.83. The company’s stock had a trading volume of 889,285 shares, compared to its average volume of 730,880. The company has a market capitalization of $912.40 million, a PE ratio of -7.31 and a beta of 1.77. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a fifty-two week low of $4.15 and a fifty-two week high of $10.80. The company has a 50 day moving average price of $7.31 and a 200 day moving average price of $8.07.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced 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 during 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%. On average, research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VLRS. JPMorgan Chase & Co. reduced 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 report on Thursday, March 12th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. 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 objective for the company. in a research report on Monday, April 13th. Finally, Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.86.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Controladora Vuela Compania de Aviacion by 108.5% in the 4th quarter. UBS Group AG now owns 432,989 shares of the transportation company’s stock worth $3,845,000 after purchasing an additional 225,336 shares during the period. M&T Bank Corp acquired a new position in Controladora Vuela Compania de Aviacion in the 4th quarter worth $1,219,000. State of Wyoming acquired a new position in Controladora Vuela Compania de Aviacion in the 3rd quarter worth $417,000. ANTIPODES PARTNERS Ltd boosted its stake in Controladora Vuela Compania de Aviacion by 295.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 177,945 shares of the transportation company’s stock worth $1,580,000 after purchasing an additional 132,973 shares during the period. Finally, AdvisorShares Investments LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 1st quarter worth $860,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.