Advisors Preferred LLC Has $310,000 Stock Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Advisors Preferred LLC lifted its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 2,289.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,121 shares of the transportation company's stock after acquiring an additional 56,647 shares during the period. Advisors Preferred LLC owned 0.05% of Controladora Vuela Compania de Aviacion worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in VLRS. Arrowstreet Capital Limited Partnership acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $14,786,000. Mackenzie Financial Corp acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $4,550,000. ABS Direct Equity Fund LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $1,830,000. JPMorgan Chase & Co. lifted its stake in Controladora Vuela Compania de Aviacion by 236.2% during the fourth quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock valued at $1,693,000 after purchasing an additional 159,900 shares during the last quarter. Finally, Man Group plc acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $623,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLRS has been the subject of several recent research reports. 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 for the company in a research note on Tuesday, May 6th. The Goldman Sachs Group cut 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 report on Tuesday, June 10th. Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. TD Cowen boosted their price target on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday. Finally, UBS Group cut their price target on shares of Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion has an average rating of "Moderate Buy" and a consensus target price of $7.69.

Controladora Vuela Compania de Aviacion Stock Up 2.0%

Controladora Vuela Compania de Aviacion stock traded up $0.11 during trading hours on Friday, hitting $5.43. The company had a trading volume of 695,856 shares, compared to its average volume of 837,985. The firm has a market capitalization of $632.56 million, a P/E ratio of -20.09 and a beta of 2.12. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.74. The firm's fifty day moving average is $4.64 and its 200-day moving average is $5.62. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a fifty-two week low of $3.49 and a fifty-two week high of $9.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $693.00 million for 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 EPS. On average, research analysts forecast 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.