Goldman Sachs Group Inc. Trims Holdings in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Goldman Sachs Group Inc. trimmed its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 51.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,686 shares of the transportation company's stock after selling 189,225 shares during the period. Goldman Sachs Group Inc. owned about 0.15% of Controladora Vuela Compania de Aviacion worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 5.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock valued at $6,610,000 after purchasing an additional 71,163 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 322.5% in the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after purchasing an additional 977,249 shares in the last quarter. Ancient Art L.P. lifted its holdings in Controladora Vuela Compania de Aviacion by 22.2% in the 1st quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock valued at $9,481,000 after purchasing an additional 329,496 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $534,000. Finally, Banco BTG Pactual S.A. purchased a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $2,056,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Stock Up 2.1%

VLRS opened at $6.90 on Tuesday. The firm has a 50 day moving average price of $5.83 and a 200 day moving average price of $5.09. The company has a market cap of $803.96 million, a PE ratio of -25.54 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. 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 posted its 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. 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 quarter in the prior year, the company earned $0.09 EPS. Sell-side 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VLRS. Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a report on Saturday. Citigroup lowered shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price objective on the stock. in a report on Friday, August 22nd. JPMorgan Chase & Co. increased their price objective on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group cut their price objective on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a report on Tuesday, June 10th. Finally, TD Cowen increased 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 report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.56.

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.

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