Long Focus Capital Management LLC Sells 61,715 Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

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 reduced its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,365,205 shares of the transportation company's stock after selling 61,715 shares during the period. 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 and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $153,000. Moneda S.A. Administradora General de Fondos boosted its stake 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 buying an additional 14,725 shares during the period. American Century Companies Inc. boosted its stake in shares of Controladora Vuela Compania de Aviacion by 4.1% in the first quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company's stock valued at $1,429,000 after buying an additional 10,706 shares during the period. QRG Capital Management Inc. bought a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $105,000. Finally, ABS Direct Equity Fund LLC bought a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $1,830,000. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compania de Aviacion Trading Down 0.6%

Controladora Vuela Compania de Aviacion stock traded down $0.04 during mid-day trading on Thursday, hitting $6.14. 114,743 shares of the stock were exchanged, compared to its average volume of 965,519. 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 12 month low of $3.49 and a 12 month high of $9.00. The firm's fifty day simple moving average is $5.41 and its two-hundred day simple moving average is $5.17. The stock has a market capitalization of $715.34 million, a price-to-earnings ratio of -22.72 and a beta of 2.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.21. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $664.01 million. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. During the same quarter last year, the business earned $0.09 EPS. Analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current year.

Analyst Ratings Changes

VLRS has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased 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 research note on Tuesday, June 10th. Barclays lifted 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. UBS Group lifted their price objective 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. Wall Street Zen cut shares of Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. Finally, TD Cowen increased their price objective 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. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.44.

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.