SouthState Corp Has $446,000 Stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Key Points

• SouthState Corp has significantly increased its stake in Controladora Vuela Compania de Aviacion by 194.5%, owning approximately 0.07% of the company valued at $446,000.
• The company's stock has a market capitalization of $660.54 million and has experienced a trading increase of 1.3% recently.
• Analysts have shown mixed sentiments, with a consensus rating of "Moderate Buy" and a price target averaging $7.94.

SouthState Corp raised its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 194.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,400 shares of the transportation company's stock after acquiring an additional 56,400 shares during the quarter. SouthState Corp owned approximately 0.07% of Controladora Vuela Compania de Aviacion worth $446,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Controladora Vuela Compania de Aviacion by 34.5% in the fourth 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 last quarter. QRG Capital Management Inc. purchased a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $105,000. Raymond James Financial Inc. purchased a new position in Controladora Vuela Compania de Aviacion in the fourth quarter worth approximately $153,000. ABC Arbitrage SA purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $112,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $161,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Stock Down 0.8%

Shares of VLRS traded down $0.05 during trading hours on Thursday, reaching $5.86. The company's stock had a trading volume of 288,522 shares, compared to its average volume of 1,015,586. The company has a 50 day moving average of $4.98 and a two-hundred day moving average of $5.37. 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 firm has a market cap of $683.74 million, a price-to-earnings ratio of -21.72 and a beta of 2.15. The company has a quick ratio of 0.68, a current ratio of 0.69 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 for the quarter, beating 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 previous year, the business earned $0.09 EPS. As a group, research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on VLRS shares. JPMorgan Chase & Co. cut their price objective on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered their price objective on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research report on Tuesday, June 10th. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. 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, Barclays increased their price objective on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $7.94.

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.