Bank of America Corp DE Sells 107,982 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Bank of America Corp DE reduced its position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 78.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,896 shares of the transportation company's stock after selling 107,982 shares during the quarter. Bank of America Corp DE's holdings in Controladora Vuela Compañía de Aviación were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock valued at $48,000 after buying an additional 1,641 shares during the last quarter. Sei Investments Co. bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth $79,000. Prudential Financial Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $79,000. MMA Asset Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $112,000. Finally, Virtu Financial LLC purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth $112,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Trading Down 4.1%

Shares of Controladora Vuela Compañía de Aviación stock opened at $4.47 on Friday. Controladora Vuela Compañía de Aviación, 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 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The company's fifty day moving average is $4.44 and its two-hundred day moving average is $6.30. The company has a market capitalization of $521.19 million, a P/E ratio of 2.69 and a beta of 2.15.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.10. The firm had revenue of $678.00 million during the quarter, compared to analysts' expectations of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. Analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on VLRS. Barclays lowered Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $12.00 to $4.50 in a research note on Tuesday, April 29th. Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target for the company. in a research report on Tuesday, April 29th. Itau BBA Securities cut Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group cut their target price on Controladora Vuela Compañía de Aviación from $9.60 to $8.60 and set a "buy" rating on the stock in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

About Controladora Vuela Compañía de Aviación

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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