Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Shares Bought by SouthState Corp

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 lifted its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 194.5% in the 1st quarter, according to the company in 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 period. SouthState Corp owned 0.07% of Controladora Vuela Compania de Aviacion worth $446,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position 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 worth $48,000 after acquiring an additional 1,641 shares in the last quarter. Moneda S.A. Administradora General de Fondos increased its position in Controladora Vuela Compania de Aviacion by 5.3% during the 1st quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company's stock valued at $1,537,000 after buying an additional 14,725 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at about $105,000. Raymond James Financial Inc. acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $153,000. Finally, ABC Arbitrage SA acquired a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at about $112,000. 53.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VLRS. Wall Street Zen raised Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a research report on Saturday. UBS Group upped their target price on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. TD Cowen upped their target price on Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley lowered 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 report on Tuesday, April 29th. Finally, Barclays increased their price objective on Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.94.

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock traded down $0.01 during midday trading on Friday, hitting $5.83. 287,541 shares of the company were exchanged, compared to its average volume of 859,082. The firm has a market capitalization of $679.77 million, a PE ratio of -21.59 and a beta of 2.15. 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. The business has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $5.36. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.75) by $0.21. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $664.01 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%. During the same quarter in the prior year, the business posted $0.09 earnings per share. On average, sell-side 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.