Controladora Vuela Compania de Aviacion (NYSE:VLRS) Trading Down 5.5% - Should You Sell?

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) fell 5.5% on Thursday . The stock traded as low as $4.78 and last traded at $4.56. 274,409 shares traded hands during trading, a decline of 70% from the average session volume of 906,989 shares. The stock had previously closed at $4.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target 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. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. UBS Group cut their price objective on 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 cut Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $12.00 to $4.50 in a report on Tuesday, April 29th. Finally, TD Cowen cut their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $7.44.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a market capitalization of $560.85 million, a price-to-earnings ratio of 13.36 and a beta of 2.12. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.75 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $4.40 and a two-hundred day simple moving average of $5.98.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share 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 Compania de Aviacion had a return on equity of 13.07% and a net margin of 1.38%. As a group, 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 Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in Controladora Vuela Compania de Aviacion by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after buying an additional 1,641 shares during the period. Sei Investments Co. purchased a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $79,000. Prudential Financial Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $79,000. QRG Capital Management Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $105,000. Finally, Virtu Financial LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the 4th quarter valued at $112,000. 53.32% of the stock is owned by hedge funds and other 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.

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