Banco BTG Pactual S.A. Invests $2.06 Million 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. purchased a new stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 393,921 shares of the transportation company's stock, valued at approximately $2,056,000. Banco BTG Pactual S.A. owned approximately 0.34% of Controladora Vuela Compania de Aviacion at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 1,641 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Controladora Vuela Compania de Aviacion by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock valued at $373,000 after purchasing an additional 7,088 shares in the last quarter. American Century Companies Inc. increased its stake in Controladora Vuela Compania de Aviacion by 4.1% during the 1st quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company's stock valued at $1,429,000 after purchasing an additional 10,706 shares in the last quarter. Moneda S.A. Administradora General de Fondos increased its stake in Controladora Vuela Compania de Aviacion by 5.3% during the 1st quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company's stock valued at $1,537,000 after purchasing an additional 14,725 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $105,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Controladora Vuela Compania de Aviacion Stock Performance

NYSE VLRS traded up $0.0150 during mid-day trading on Monday, reaching $5.9650. 166,356 shares of the stock were exchanged, compared to its average volume of 989,606. The business's 50 day moving average is $5.13 and its 200-day moving average is $5.23. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1 year low of $3.49 and a 1 year high of $9.00. The company has a market capitalization of $695.51 million, a P/E ratio of -22.05 and a beta of 2.15. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Citigroup lowered shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price objective on the stock. in a research note on Friday. The Goldman Sachs Group cut their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

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.