Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS Shares Sold by Long Focus Capital Management LLC

Key Points

• Long Focus Capital Management LLC has reduced its stake in Controladora Vuela Compania de Aviacion by 4.3%, now holding approximately 1.17% of the company with a value of $7.126 million.
• Multiple hedge funds, including Raymond James Financial Inc. and BNP Paribas Financial Markets, have modified their holdings in VLRS, indicating growing institutional interest in the company.
• Analysts have mixed views on VLRS, with target prices varying from $5.50 to $7.00 and a consensus rating of "Moderate Buy," reflecting uncertainty about future performance.

Long Focus Capital Management LLC lessened its holdings in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,365,205 shares of the transportation company's stock after selling 61,715 shares during the quarter. Long Focus Capital Management LLC owned approximately 1.17% of Controladora Vuela Compania de Aviacion worth $7,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter worth $153,000. Moneda S.A. Administradora General de Fondos lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 5.3% in the 1st quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company's stock worth $1,537,000 after buying an additional 14,725 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth $105,000. ABS Direct Equity Fund LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth $1,830,000. Finally, American Century Companies Inc. lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 4.1% in the 1st quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company's stock worth $1,429,000 after buying an additional 10,706 shares during the period. Institutional investors own 53.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VLRS shares. Wall Street Zen cut Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Citigroup cut 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 report on Friday, August 22nd. Barclays upped their price objective on Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group decreased their price objective on 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. Finally, TD Cowen increased their price target on 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, 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 Stock Performance

Shares of VLRS stock traded up $0.04 during mid-day trading on Wednesday, reaching $6.16. The stock had a trading volume of 510,998 shares, compared to its average volume of 970,641. The business's fifty day moving average is $5.38 and its 200-day moving average is $5.17. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.73. The firm has a market cap of $717.66 million, a price-to-earnings ratio of -22.80 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 quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, beating analysts' consensus estimates of ($0.75) by $0.21. The business had revenue of $693.00 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.09 earnings per share. On average, research 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 Company 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.