Acadian Asset Management LLC Acquires 71,163 Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Key Points

• Acadian Asset Management LLC increased its stake in Controladora Vuela Compania de Aviacion by 5.9%, acquiring 71,163 shares during the first quarter, bringing its total holdings to 1,268,133 shares.
• Controladora Vuela Compania de Aviacion reported better-than-expected earnings, with a loss of ($0.54) per share against an estimated loss of ($0.75), alongside a quarterly revenue of $693 million.
• Several research firms have revised their ratings on VLRS, with Barclays raising the price target from $4.50 to $5.50, while Citigroup downgraded to a neutral rating with a $7.00 price target.

Acadian Asset Management LLC boosted its holdings in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,268,133 shares of the transportation company's stock after purchasing an additional 71,163 shares during the period. Acadian Asset Management LLC owned about 1.09% of Controladora Vuela Compania de Aviacion worth $6,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new stake in Controladora Vuela Compania de Aviacion in the first quarter valued at $105,000. ABC Arbitrage SA acquired a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter worth about $112,000. Advisors Preferred LLC raised its stake in Controladora Vuela Compania de Aviacion by 2,289.7% in the 1st quarter. Advisors Preferred LLC now owns 59,121 shares of the transportation company's stock worth $310,000 after purchasing an additional 56,647 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Controladora Vuela Compania de Aviacion by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock valued at $373,000 after buying an additional 7,088 shares during the period. Finally, SouthState Corp increased its holdings in Controladora Vuela Compania de Aviacion by 194.5% in the 1st quarter. SouthState Corp now owns 85,400 shares of the transportation company's stock valued at $446,000 after buying an additional 56,400 shares during the period. Institutional investors own 53.32% of the company's stock.

Wall Street Analyst Weigh In

VLRS has been the topic of several research reports. Wall Street Zen lowered shares of Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Barclays boosted their price target on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Citigroup downgraded shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price target on the stock. in a research report on Friday, August 22nd. The Goldman Sachs Group dropped 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 report on Tuesday, June 10th. Finally, TD Cowen boosted their price target on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.44.

Controladora Vuela Compania de Aviacion Stock Performance

NYSE VLRS opened at $6.07 on Friday. 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 debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.68. The firm has a market cap of $707.17 million, a price-to-earnings ratio of -22.46 and a beta of 2.00. The company has a fifty day moving average price of $5.61 and a 200-day moving average price of $5.09.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.21. The company had revenue of $693.00 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $0.09 earnings per share. As a group, equities research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal 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.

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