Mackenzie Financial Corp Invests $4.55 Million in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Mackenzie Financial Corp bought a new stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 611,514 shares of the transportation company's stock, valued at approximately $4,550,000. Mackenzie Financial Corp owned about 0.52% of Controladora Vuela Compañía de Aviación as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at $68,000. WCM Investment Management LLC lifted its stake in Controladora Vuela Compañía de Aviación by 13.3% in the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock worth $18,423,000 after purchasing an additional 291,252 shares during the last quarter. MMA Asset Management LLC bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth about $112,000. Victory Capital Management Inc. lifted its stake in Controladora Vuela Compañía de Aviación by 146.0% in the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after purchasing an additional 109,776 shares during the last quarter. Finally, Aigen Investment Management LP increased its position in shares of Controladora Vuela Compañía de Aviación by 123.6% during the fourth quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock worth $243,000 after acquiring an additional 18,056 shares during the period. 53.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VLRS has been the topic of several research reports. Citigroup cut their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. UBS Group lowered their price target on shares of Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of "Moderate Buy" and an average price target of $7.27.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS remained flat at $4.75 during midday trading on Friday. 1,619,289 shares of the stock traded hands, compared to its average volume of 883,189. The stock has a market cap of $553.84 million, a P/E ratio of 2.86 and a beta of 2.06. The company's 50-day moving average price is $4.53 and its 200 day moving average price is $6.53. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1-year low of $3.49 and a 1-year high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The business had revenue of $678.00 million during the quarter, compared to analyst estimates of $708.83 million. As a group, equities analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

Controladora Vuela Compañía de Aviación 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.