Banco BTG Pactual S.A. Buys New Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Key Points

• Banco BTG Pactual S.A. acquired 393,921 shares of Controladora Vuela Compania de Aviacion, worth approximately $2,056,000, increasing its ownership to 0.34%.
• The company reported a quarterly earnings per share (EPS) of ($0.54), exceeding analysts' expectations, with revenue of $693 million against a forecast of $664 million.
• Controladora Vuela Compania de Aviacion's current stock rating is a "Moderate Buy," and it has a consensus target price of $7.94.

Banco BTG Pactual S.A. acquired a new stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 393,921 shares of the transportation company's stock, valued at approximately $2,056,000. Banco BTG Pactual S.A. owned about 0.34% of Controladora Vuela Compania de Aviacion as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock valued at $48,000 after acquiring an additional 1,641 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $105,000. Raymond James Financial Inc. bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $153,000. ABC Arbitrage SA bought a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $112,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $161,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VLRS shares. TD Cowen lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. UBS Group boosted their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group lowered 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 note on Tuesday, June 10th. Barclays lifted their price objective on Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Finally, 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 for the company in a report on Tuesday, May 6th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock traded up $0.0450 during mid-day trading on Friday, hitting $5.9150. The company had a trading volume of 817,831 shares, compared to its average volume of 628,977. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.73. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12-month low of $3.49 and a 12-month high of $9.00. The company's fifty day moving average is $5.13 and its 200-day moving average is $5.27. The company has a market capitalization of $689.69 million, a price-to-earnings ratio of -21.91 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter in the prior year, the firm posted $0.09 EPS. Equities research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current year.

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.