Man Group plc Makes New $623,000 Investment in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Man Group plc acquired a new position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 83,800 shares of the transportation company's stock, valued at approximately $623,000. Man Group plc owned about 0.07% of Controladora Vuela Compañía de Aviación as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $79,000. Prudential Financial Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $79,000. Segall Bryant & Hamill LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $272,000. JPMorgan Chase & Co. boosted its holdings in Controladora Vuela Compañía de Aviación by 236.2% in the 4th quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock worth $1,693,000 after acquiring an additional 159,900 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Controladora Vuela Compañía de Aviación by 53.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 152,534 shares of the transportation company's stock valued at $1,135,000 after acquiring an additional 53,267 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group cut their price target on Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th. Itau BBA Securities downgraded Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Barclays lowered shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. Wall Street Zen cut Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, 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 for the company. in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of "Moderate Buy" and an average target price of $7.27.

Controladora Vuela Compañía de Aviación Trading Down 1.2%

NYSE VLRS traded down $0.06 on Friday, hitting $4.70. 245,988 shares of the company were exchanged, compared to its average volume of 874,926. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $3.49 and a twelve month high of $9.00. The company's 50 day moving average price is $4.54 and its 200-day moving average price is $6.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a market capitalization of $547.43 million, a P/E ratio of 2.83 and a beta of 2.06.

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) EPS for the quarter, topping 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 firm had revenue of $678.00 million during the quarter, compared to analyst estimates of $708.83 million. Analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Controladora Vuela Compañía de Aviación 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.