Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Down 5.1% - What's Next?

Key Points

• Controladora Vuela Compania de Aviacion shares fell 5.1% to $6.82, marking a significant decline in trading volume to 278,599 shares, down 70% from the average.
• Analysts have varied opinions on the company, with price targets ranging from $5.50 to $8.60, leading to an overall rating of "Moderate Buy" and an average target price of $8.06.
• In its latest earnings report, the company reported a loss of ($0.54) earnings per share, exceeding expectations, with revenue of $693 million surpassing analyst forecasts.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) shares dropped 5.1% on Wednesday . The company traded as low as $6.92 and last traded at $6.82. Approximately 278,599 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 917,951 shares. The stock had previously closed at $7.18.

Analysts Set New Price Targets

VLRS has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. UBS Group upped their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. The Goldman Sachs Group dropped their target price on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Controladora Vuela Compania de Aviacion has an average rating of "Moderate Buy" and an average target price of $8.06.

Controladora Vuela Compania de Aviacion Trading Down 4.4%

The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The company's 50 day moving average price is $6.09 and its two-hundred day moving average price is $5.15. The firm has a market cap of $800.45 million, a PE ratio of -25.42 and a beta of 2.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The company had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. During the same period in the prior year, the business earned $0.09 EPS. As a group, sell-side analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ancient Art L.P. grew its holdings in Controladora Vuela Compania de Aviacion by 22.2% during the 1st quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock worth $9,481,000 after acquiring an additional 329,496 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 322.5% in the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after buying an additional 977,249 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 5.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock valued at $6,610,000 after buying an additional 71,163 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $3,312,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $2,056,000. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compania de Aviacion 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.