Advisors Preferred LLC Acquires 56,647 Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Advisors Preferred LLC lifted its position in shares of 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 approximately 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 and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $153,000. Virtu Financial LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $112,000. American Century Companies Inc. increased its position in Controladora Vuela Compania de Aviacion by 7.0% in the 4th quarter. American Century Companies Inc. now owns 263,141 shares of the transportation company's stock valued at $1,958,000 after acquiring an additional 17,158 shares during the period. Sei Investments Co. acquired a new position in Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $79,000. Finally, Prudential Financial Inc. acquired a new position in Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $79,000. Institutional investors own 53.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Cowen upped 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 research report on Wednesday. UBS Group decreased their price target on shares of Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. The Goldman Sachs Group reduced their price objective 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 note on Tuesday, June 10th. Morgan Stanley lowered shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 price objective on the stock. in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a research note 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.69.

Controladora Vuela Compania de Aviacion Stock Down 1.9%

NYSE VLRS traded down $0.11 on Thursday, hitting $5.32. 872,008 shares of the company were exchanged, compared to its average volume of 830,305. The company has a market cap of $619.73 million, a PE ratio of -19.68 and a beta of 2.12. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $3.49 and a 12 month high of $9.00. The stock has a fifty day moving average of $4.62 and a 200-day moving average of $5.65. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.21. The business 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 period in the prior year, the firm earned $0.09 earnings per share. As a group, 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.

About Controladora Vuela Compania de Aviacion

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.