Perpetual Ltd Has $1.04 Million Stock Holdings in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Perpetual Ltd reduced its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 39.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,118 shares of the transportation company's stock after selling 129,767 shares during the period. Perpetual Ltd owned approximately 0.17% of Controladora Vuela Compania de Aviacion worth $1,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 34.5% in the 4th 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 period. Prudential Financial Inc. acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $79,000. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $79,000. MMA Asset Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $112,000. Finally, Virtu Financial LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $112,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VLRS. Barclays downgraded shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $12.00 to $4.50 in a report on Tuesday, April 29th. JPMorgan Chase & Co. cut 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 report on Tuesday, May 6th. The Goldman Sachs Group reduced their target price 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 dropped their price target on shares of Controladora Vuela Compania de Aviacion from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Finally, Morgan Stanley cut Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.44.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS stock traded down $0.06 during midday trading on Wednesday, reaching $4.81. 354,230 shares of the company were exchanged, compared to its average volume of 908,344. The company's 50 day moving average price is $4.40 and its two-hundred day moving average price is $5.99. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.74 and a current ratio of 0.75. The company has a market cap of $560.26 million, a P/E ratio of 13.35 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.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, topping 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 return on equity of 13.07% and a net margin of 1.38%. On average, sell-side 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 Company 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.