Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 78.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 Compania de Aviacion were worth $222,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VLRS. MMA Asset Management LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $112,000. Victory Capital Management Inc. grew its stake in Controladora Vuela Compania de Aviacion by 146.0% during the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after buying an additional 109,776 shares during the period. Aigen Investment Management LP grew its stake in Controladora Vuela Compania de Aviacion by 123.6% during the fourth quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock worth $243,000 after buying an additional 18,056 shares during the period. Raymond James Financial Inc. purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $2,106,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLRS has been the subject of several research reports. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Citigroup decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Morgan Stanley downgraded shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 target price for the company. in a research note on Tuesday, April 29th. Finally, TD Cowen decreased their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Controladora Vuela Compania de Aviacion Stock Down 3.3%

Shares of VLRS stock traded down $0.15 on Wednesday, hitting $4.25. The stock had a trading volume of 1,045,683 shares, compared to its average volume of 894,215. The firm has a market capitalization of $494.97 million, a price-to-earnings ratio of 11.79 and a beta of 2.15. The stock's 50 day moving average is $4.40 and its 200-day moving average is $6.24. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.74 and a current ratio of 0.75. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52-week low of $3.49 and a 52-week high of $9.00.

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

Controladora Vuela Compania de Aviacion 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.