Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) PT at $8.86

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.8556.

VLRS has been the topic of several recent research reports. The Goldman Sachs Group lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target on the stock. in a research report on Monday, April 13th. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. 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 on the stock. in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Finally, Barclays reduced their price objective 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.

Controladora Vuela Compania de Aviacion Stock Up 5.9%

Shares of NYSE VLRS opened at $7.65 on Friday. The firm has a market capitalization of $891.52 million, a PE ratio of -7.15 and a beta of 1.77. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. Controladora Vuela Compania de Aviacion has a 1 year low of $4.15 and a 1 year high of $10.80. The firm’s 50-day moving average is $7.40 and its 200-day moving average is $8.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Equities analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

Insiders Place Their Bets

In related news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction that occurred on 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 of the company’s stock, valued at $22,213,217. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VLRS. Arrowstreet Capital Limited Partnership lifted its holdings in Controladora Vuela Compania de Aviacion by 48.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after acquiring an additional 565,250 shares in the last quarter. Millennium Management LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 126.5% during the fourth quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock worth $8,796,000 after acquiring an additional 553,251 shares in the last quarter. Jump Financial LLC bought a new position in Controladora Vuela Compania de Aviacion during the second quarter worth about $1,611,000. Walleye Capital LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 100.6% during the fourth quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock worth $4,683,000 after acquiring an additional 264,446 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in Controladora Vuela Compania de Aviacion during the first quarter worth about $1,840,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

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.