Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Sees Large Increase in Short Interest

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,490,000 shares, an increase of 20.9% from the March 31st total of 2,060,000 shares. Based on an average daily volume of 936,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.7% of the company's stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLRS. TD Cowen dropped their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays lowered Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $12.00 to $4.50 in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Citigroup dropped their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.27.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS stock traded up $0.34 during trading hours on Friday, reaching $3.93. The stock had a trading volume of 3,569,992 shares, compared to its average volume of 796,379. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a 50-day simple moving average of $5.14 and a 200 day simple moving average of $6.94. The stock has a market capitalization of $458.58 million, a PE ratio of 2.37 and a beta of 2.06. Controladora Vuela Compañía de Aviación has a fifty-two week low of $3.49 and a fifty-two week high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $678.00 million for the quarter, compared to the consensus estimate of $708.83 million. Analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors have recently bought and sold shares of the business. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth about $68,000. WCM Investment Management LLC raised its position in Controladora Vuela Compañía de Aviación by 13.3% in the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock valued at $18,423,000 after purchasing an additional 291,252 shares during the last quarter. MMA Asset Management LLC bought a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $112,000. Victory Capital Management Inc. raised its position in Controladora Vuela Compañía de Aviación by 146.0% during the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after purchasing an additional 109,776 shares during the last quarter. Finally, Aigen Investment Management LP boosted its holdings in Controladora Vuela Compañía de Aviación by 123.6% in the fourth quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock valued at $243,000 after acquiring an additional 18,056 shares during the last quarter. Institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.

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