Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.47 and traded as high as $4.83. Controladora Vuela Compania de Aviacion shares last traded at $4.77, with a volume of 813,338 shares traded.

Analyst Ratings Changes

VLRS has been the topic of a number of research analyst reports. Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. UBS Group decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Barclays lowered shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a research note on Tuesday, June 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $7.44.

Controladora Vuela Compania de Aviacion Stock Down 0.9%

The firm has a market capitalization of $569.59 million, a price-to-earnings ratio of 13.57 and a beta of 2.12. The business's 50-day moving average is $4.49 and its two-hundred day moving average is $5.79. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.74 and a current ratio of 0.75.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.10. The business had revenue of $678.00 million for the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compania de Aviacion had a net margin of 1.38% and a return on equity of 13.07%. On average, equities analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of hedge funds have recently modified their holdings of VLRS. Acadian Asset Management LLC raised its holdings in Controladora Vuela Compania de Aviacion by 5.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock worth $6,610,000 after buying an additional 71,163 shares during the period. AQR Capital Management LLC lifted its stake in Controladora Vuela Compania de Aviacion by 322.5% in the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after acquiring an additional 977,249 shares during the last quarter. Ancient Art L.P. lifted its stake in Controladora Vuela Compania de Aviacion by 22.2% in the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock valued at $9,481,000 after acquiring an additional 329,496 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $534,000. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth about $2,056,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

About Controladora Vuela Compania de Aviacion

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.