Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS is Ancient Art L.P.'s 10th Largest Position

Key Points

• Ancient Art L.P. increased its stake in Controladora Vuela Compania de Aviacion by 22.2% during Q1, holding 1,816,225 shares which represent approximately 2.8% of its total holdings.
• Controladora Vuela Compania de Aviacion's recent earnings report showed a loss of ($0.54) earnings per share, exceeding analysts' expectations of ($0.75), with revenues of $693 million.
• Analysts have mixed ratings on the stock, with price targets varying from $5.50 to $13.00, leading to an average rating of "Moderate Buy" and a consensus target of $7.44.

Ancient Art L.P. grew its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 22.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,816,225 shares of the transportation company's stock after purchasing an additional 329,496 shares during the quarter. Controladora Vuela Compania de Aviacion makes up approximately 2.8% of Ancient Art L.P.'s holdings, making the stock its 10th biggest holding. Ancient Art L.P. owned about 1.56% of Controladora Vuela Compania de Aviacion worth $9,481,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP bought a new position in Controladora Vuela Compania de Aviacion in the 1st quarter worth about $3,312,000. Mackenzie Financial Corp bought a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $4,550,000. Banco BTG Pactual S.A. bought a new position in shares of Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $2,056,000. ABS Direct Equity Fund LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $1,830,000. Finally, Moneda S.A. Administradora General de Fondos boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 5.3% in the first 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 acquiring an additional 14,725 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company's stock.

Controladora Vuela Compania de Aviacion Trading Down 1.4%

VLRS traded down $0.09 during mid-day trading on Monday, hitting $6.07. The stock had a trading volume of 130,262 shares, compared to its average volume of 958,306. The stock's fifty day simple moving average is $5.48 and its 200-day simple moving average is $5.10. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.68. The firm has a market capitalization of $707.18 million, a price-to-earnings ratio of -22.43 and a beta of 2.00. 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.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its earnings results on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, research analysts forecast 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 analysts recently commented on VLRS shares. UBS Group increased their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group cut 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. Wall Street Zen lowered shares of Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. TD Cowen increased their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Citigroup lowered shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 target price for the company. in a research note on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $7.44.

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.