ABS Direct Equity Fund LLC Takes $1.83 Million Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

ABS Direct Equity Fund LLC bought a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 350,600 shares of the transportation company's stock, valued at approximately $1,830,000. Controladora Vuela Compania de Aviacion comprises 2.4% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 15th biggest position. ABS Direct Equity Fund LLC owned about 0.30% of Controladora Vuela Compania de Aviacion as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in VLRS. Tower Research Capital LLC TRC increased its holdings in shares of 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 purchasing an additional 1,641 shares during the period. Sei Investments Co. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $79,000. Prudential Financial Inc. acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $79,000. MMA Asset Management LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter valued at about $112,000. Finally, Virtu Financial LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth $112,000. Institutional investors own 53.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup dropped their target price on Controladora Vuela Compania de Aviacion from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut 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 report on Tuesday, May 6th. Barclays cut shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $12.00 to $4.50 in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, UBS Group decreased their price objective on Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Controladora Vuela Compania de Aviacion Trading Down 3.3%

NYSE VLRS traded down $0.15 during mid-day trading on Wednesday, reaching $4.25. 1,045,683 shares of the stock were exchanged, compared to its average volume of 892,099. The stock has a market cap of $494.97 million, a P/E ratio of 11.79 and a beta of 2.15. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.75 and a quick ratio of 0.74. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a one year low of $3.49 and a one year high of $9.00. The stock has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $6.26.

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

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.