Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS Holdings Raised by Ancient Art L.P.

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. raised its holdings 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 its most recent disclosure with the Securities & Exchange Commission. The firm 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 accounts for 2.8% of Ancient Art L.P.'s holdings, making the stock its 10th largest holding. Ancient Art L.P. owned 1.56% of Controladora Vuela Compania de Aviacion worth $9,481,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 1,641 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $105,000. ABC Arbitrage SA purchased a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $112,000. Raymond James Financial Inc. purchased a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $153,000. Finally, Advisors Preferred LLC increased its stake in Controladora Vuela Compania de Aviacion by 2,289.7% in the first quarter. Advisors Preferred LLC now owns 59,121 shares of the transportation company's stock valued at $310,000 after purchasing an additional 56,647 shares during the period. Institutional investors and hedge funds own 53.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VLRS shares. Barclays boosted 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. Citigroup cut Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price objective for the company. in a research report on Friday, August 22nd. UBS Group boosted their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen cut Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Finally, TD Cowen raised their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Controladora Vuela Compania de Aviacion Trading Up 0.9%

Shares of VLRS stock traded up $0.06 during trading hours on Friday, hitting $6.17. 446,772 shares of the company were exchanged, compared to its average volume of 403,357. The firm has a fifty day moving average of $5.48 and a 200 day moving average of $5.15. 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, 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 $718.84 million, a PE ratio of -22.83 and a beta of 2.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $664.01 million. During the same period in the previous year, the firm earned $0.09 earnings per share. 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.

About Controladora Vuela Compania de Aviacion

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.