Empowered Funds LLC Acquires Shares of 152,417 Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Key Points

• Empowered Funds LLC acquired 152,417 shares of Controladora Vuela Compania de Aviacion (VLRS) worth approximately $1.1 million, while institutional investors collectively own 53.32% of the company.
• VLRS reported quarterly revenue of $859 million but missed earnings expectations, posting a loss of $1.11 per share versus the $1.08 consensus estimate. Analysts expect a full-year loss of approximately $2.19 per share.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $9.42, compared with its recent $7.89 share price.

Empowered Funds LLC acquired a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 152,417 shares of the transportation company's stock, valued at approximately $1,103,000. Empowered Funds LLC owned approximately 0.13% of Controladora Vuela Compania de Aviacion as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Controladora Vuela Compania de Aviacion by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 5,053,229 shares of the transportation company's stock worth $44,873,000 after buying an additional 128,088 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Controladora Vuela Compania de Aviacion by 48.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company's stock worth $12,353,000 after acquiring an additional 565,250 shares in the last quarter. Thomist Capital Management LP lifted its stake in shares of Controladora Vuela Compania de Aviacion by 3.9% during the 4th quarter. Thomist Capital Management LP now owns 1,009,652 shares of the transportation company's stock worth $8,916,000 after purchasing an additional 37,457 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Controladora Vuela Compania de Aviacion by 126.5% during the 4th quarter. Millennium Management LLC now owns 990,495 shares of the transportation company's stock worth $8,796,000 after purchasing an additional 553,251 shares during the last quarter. Finally, Fourth Sail Capital LP boosted its position in Controladora Vuela Compania de Aviacion by 0.4% during the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company's stock valued at $6,729,000 after purchasing an additional 3,277 shares in the last quarter. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total transaction of $377,000.00. Following the completion of the transaction, the director directly owned 2,946,050 shares in the company, valued at approximately $22,213,217. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS opened at $7.89 on Monday. The business's 50-day moving average is $8.32 and its two-hundred day moving average is $8.12. The company has a market capitalization of $919.97 million, a P/E ratio of -4.81 and a beta of 1.72. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a fifty-two week low of $5.70 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The business had revenue of $859.00 million during the quarter, compared to analysts' expectations of $854.70 million. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. Research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current year.

Analyst Ratings Changes

VLRS has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price objective on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a "neutral" rating for the company in a research note on Friday, June 12th. Weiss Ratings cut shares of Controladora Vuela Compania de Aviacion from a "sell (d)" rating to a "sell (e+)" rating in a research report on Friday, July 31st. Barclays lowered their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group cut their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a "neutral" rating on the stock in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $9.42.

Controladora Vuela Compania de Aviacion Profile

Controladora Vuela Compañia de Aviacion, SAB de CV NYSE: VLRS is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.

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