Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Short Interest Up 20.9% in April

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

Analysts Set New Price Targets

VLRS has been the subject of several recent analyst reports. Barclays downgraded Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $12.00 to $4.50 in a report on Tuesday, April 29th. TD Cowen decreased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Itau BBA Securities lowered Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a report on Tuesday. Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a research report on Tuesday, April 29th. Finally, Citigroup lowered their price objective 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 report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.41.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds have recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $68,000. WCM Investment Management LLC boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 13.3% during the 4th 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 purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at about $112,000. Victory Capital Management Inc. grew its position in shares of Controladora Vuela Compañía de Aviación by 146.0% during the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock valued at $1,376,000 after purchasing an additional 109,776 shares in the last quarter. Finally, Aigen Investment Management LP increased its holdings in shares of 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 worth $243,000 after purchasing an additional 18,056 shares during the last quarter. Institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS traded down $0.05 during midday trading on Thursday, hitting $4.03. 2,551,393 shares of the company traded hands, compared to its average volume of 827,390. Controladora Vuela Compañía de Aviación has a one year low of $3.49 and a one year high of $9.00. The firm has a market cap of $470.36 million, a P/E ratio of 2.43 and a beta of 2.06. 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 moving average of $5.00 and a 200-day moving average of $6.88.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.10. The business had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. As a group, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current fiscal year.

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.