Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Short Interest Update

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,080,000 shares, a growth of 18.3% from the April 30th total of 3,450,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VLRS. Tower Research Capital LLC TRC boosted its holdings in Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after purchasing an additional 1,641 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Controladora Vuela Compañía de Aviación by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock worth $373,000 after acquiring an additional 7,088 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $79,000. Sei Investments Co. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $79,000. Finally, American Century Companies Inc. boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 4.1% in the first quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company's stock valued at $1,429,000 after buying an additional 10,706 shares during the period. 53.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on VLRS. Morgan Stanley downgraded shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 target price for the company. in a research report on Tuesday, April 29th. Itau BBA Securities downgraded Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Citigroup cut their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Wall Street Zen cut shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.27.

Controladora Vuela Compañía de Aviación Trading Up 1.6%

Shares of Controladora Vuela Compañía de Aviación stock traded up $0.08 on Friday, reaching $4.87. The company had a trading volume of 342,187 shares, compared to its average volume of 884,558. Controladora Vuela Compañía de Aviación has a 52-week low of $3.49 and a 52-week high of $9.00. The firm has a market cap of $567.25 million, a PE ratio of 2.93 and a beta of 2.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The firm's 50 day moving average price is $4.47 and its two-hundred day moving average price is $6.44.

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