Mackenzie Financial Corp Has $65,000 Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Key Points

• Mackenzie Financial Corp significantly reduced its stake in Controladora Vuela Compania de Aviacion, decreasing holdings by 98% in the first quarter, leaving it with only 12,468 shares valued at $65,000.
• Multiple institutional investors made adjustments to their stakes in Controladora Vuela, including a new acquisition by ABS Direct Equity Fund LLC worth approximately $1.83 million.
• Wall Street analysts have mixed sentiments on Controladora Vuela, with price targets ranging from $4.40 to $8.00, resulting in an overall average rating of "Moderate Buy".

Mackenzie Financial Corp cut its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 98.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,468 shares of the transportation company's stock after selling 599,046 shares during the quarter. Mackenzie Financial Corp's holdings in Controladora Vuela Compania de Aviacion were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Controladora Vuela Compania de Aviacion by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock valued at $48,000 after purchasing an additional 1,641 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $79,000. Prudential Financial Inc. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $79,000. QRG Capital Management Inc. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $105,000. Finally, Raymond James Financial Inc. bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $153,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Trading Up 6.5%

Shares of NYSE:VLRS traded up $0.37 during trading on Tuesday, reaching $6.02. The stock had a trading volume of 672,244 shares, compared to its average volume of 861,205. The firm's fifty day moving average is $4.94 and its 200 day moving average is $5.39. 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, S.A.B. de C.V. has a 52 week low of $3.49 and a 52 week high of $9.00. The stock has a market cap of $701.35 million, a price-to-earnings ratio of -22.28 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) 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 company had revenue of $693.00 million for the quarter, compared to analyst estimates of $664.01 million. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VLRS shares. Morgan Stanley lowered shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 target price on the stock. in a report on Tuesday, April 29th. TD Cowen boosted their target price 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. Barclays boosted their target price on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. The Goldman Sachs Group reduced their target price 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, Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $7.94.

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.