Bank of America Corp DE lifted its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 55.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588,981 shares of the transportation company's stock after purchasing an additional 209,978 shares during the quarter. Bank of America Corp DE owned about 0.51% of Controladora Vuela Compania de Aviacion worth $4,264,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG grew its holdings in shares of Controladora Vuela Compania de Aviacion by 108.5% during the fourth quarter. UBS Group AG now owns 432,989 shares of the transportation company's stock worth $3,845,000 after buying an additional 225,336 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $1,279,000. Empowered Funds LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $1,103,000. M&T Bank Corp purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $1,219,000. Finally, Dorsey Wright & Associates acquired a new position in shares of Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $1,840,000. 53.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
VLRS has been the topic of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a "neutral" rating on the stock in a research note on Tuesday, August 11th. Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from a "market perform" rating to an "underperform" rating and set a $7.40 target price on the stock. in a research report on Thursday, May 7th. JPMorgan Chase & Co. dropped their target price on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a "neutral" rating for the company in a report on Friday, June 12th. UBS Group boosted their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut Controladora Vuela Compania de Aviacion from a "sell (d)" rating to a "sell (e+)" rating in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9.73.
Read Our Latest Report on Controladora Vuela Compania de Aviacion
Controladora Vuela Compania de Aviacion Stock Down 2.2%
VLRS opened at $6.74 on Friday. The firm has a 50 day moving average price of $8.10 and a 200 day moving average price of $7.93. The company has a market cap of $785.88 million, a PE ratio of -4.11 and a beta of 1.72. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1 year low of $5.79 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64.
Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts' consensus estimates of ($1.08) by ($0.03). The business had revenue of $859.00 million for the quarter, compared to analyst estimates of $854.70 million. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. Sell-side analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.39 earnings per share for the current year.
Controladora Vuela Compania de Aviacion Company Profile
(
Free Report)
Controladora Vuela Compañia de Aviacion, SAB de CV NYSE: VLRS is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.
Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.
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