Dorsey Wright & Associates Purchases New Stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Dorsey Wright & Associates bought a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) in the first quarter, HoldingsChannel reports. The firm bought 254,208 shares of the transportation company’s stock, valued at approximately $1,840,000.

Several other large investors also recently modified their holdings of VLRS. Public Employees Retirement System of Ohio purchased a new stake in Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $28,000. Fourth Sail Capital LP grew its position in shares of Controladora Vuela Compania de Aviacion by 0.4% in the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after buying an additional 3,277 shares during the last quarter. State Street Corp increased its stake in shares of Controladora Vuela Compania de Aviacion by 4.7% during the fourth quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock valued at $696,000 after buying an additional 3,533 shares during the period. American Century Companies Inc. increased its stake in shares of Controladora Vuela Compania de Aviacion by 2.8% during the second 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. Finally, R Squared Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $100,000. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion Trading Down 2.7%

Controladora Vuela Compania de Aviacion stock opened at $7.66 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. The business’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $8.29. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $4.40 and a 12 month high of $10.80. The company has a market capitalization of $892.57 million, a price-to-earnings ratio of -7.15 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The firm had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. As a group, equities analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VLRS has been the subject of a number of research analyst reports. Itau BBA Securities lowered Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target for the company. in a research note on Thursday, May 7th. The Goldman Sachs Group lowered 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 report on Monday, April 13th. Jefferies Financial Group assumed coverage on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price for the company. Barclays cut their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.87.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the transaction, the director owned 2,946,050 shares in the company, valued at approximately $22,213,217. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.51% of the stock is owned by corporate insiders.

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.