Controladora Vuela Compania de Aviacion (NYSE:VLRS) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other analysts also recently weighed in on the company. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. UBS Group upped their target price on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group dropped their price target on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings lowered Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.40.

Controladora Vuela Compania de Aviacion Stock Down 2.0%

Shares of NYSE:VLRS opened at $5.57 on Friday. The company’s fifty day moving average price is $6.55 and its 200 day moving average price is $7.80. Controladora Vuela Compania de Aviacion has a 12 month low of $5.45 and a 12 month high of $10.80. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.78.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. On average, equities research analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after buying an additional 2,301 shares during the last quarter. Royal Bank of Canada raised its stake in Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $177,000. FNY Investment Advisers LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at approximately $187,000. Finally, Confluence Investment Management LLC lifted its position in Controladora Vuela Compania de Aviacion by 5.6% during the 3rd quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock worth $212,000 after acquiring an additional 1,710 shares during the period. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.