Millennium Management LLC Has $7.46 Million Stock Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Millennium Management LLC decreased its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,003,032 shares of the transportation company's stock after selling 2,418,347 shares during the quarter. Millennium Management LLC owned 0.86% of Controladora Vuela Compañía de Aviación worth $7,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $68,000. WCM Investment Management LLC grew its position in Controladora Vuela Compañía de Aviación by 13.3% in the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock valued at $18,423,000 after buying an additional 291,252 shares during the last quarter. MMA Asset Management LLC purchased a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $112,000. Victory Capital Management Inc. grew its position in Controladora Vuela Compañía de Aviación by 146.0% in the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock valued at $1,376,000 after buying an additional 109,776 shares during the last quarter. Finally, Aigen Investment Management LP boosted its position in shares of Controladora Vuela Compañía de Aviación by 123.6% during the 4th quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock worth $243,000 after purchasing an additional 18,056 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VLRS shares. JPMorgan Chase & Co. lowered their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. 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. Itau BBA Securities downgraded shares of Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. UBS Group reduced their price objective 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. Finally, Barclays cut Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.27.

Controladora Vuela Compañía de Aviación Stock Performance

Controladora Vuela Compañía de Aviación stock remained flat at $4.75 during mid-day trading on Friday. The company had a trading volume of 1,619,289 shares, compared to its average volume of 885,884. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a fifty-two week low of $3.49 and a fifty-two week high of $9.00. The firm's 50 day moving average is $4.53 and its 200-day moving average is $6.52. 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 cap of $553.84 million, a PE ratio of 2.86 and a beta of 2.06.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings results 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 return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Sell-side analysts expect 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.