Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by Perpetual Ltd

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. MMA Asset Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $112,000. Victory Capital Management Inc. grew its stake in shares of Controladora Vuela Compania de Aviacion by 146.0% in the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after purchasing an additional 109,776 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Controladora Vuela Compania de Aviacion by 123.6% in the 4th quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock worth $243,000 after purchasing an additional 18,056 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at $2,106,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Analyst Upgrades and Downgrades

VLRS has been the subject of a number of analyst reports. TD Cowen reduced their price objective 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. Citigroup lowered their target price on 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. Barclays downgraded shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $12.00 to $4.50 in a research report on Tuesday, April 29th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target on 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Controladora Vuela Compania de Aviacion Price Performance

NYSE VLRS opened at $4.68 on Friday. Controladora Vuela Compania de Aviacion, 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 fifty day simple moving average of $4.38 and a 200 day simple moving average of $6.04. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 1.67. The company has a market cap of $545.11 million, a P/E ratio of 12.99 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. The firm had revenue of $678.00 million during the quarter, compared to analyst estimates of $708.83 million. Controladora Vuela Compania de Aviacion had a net margin of 1.38% and a return on equity of 13.07%. On average, sell-side analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS 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.

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