Virtus Investment Advisers Inc. Invests $549,000 in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Virtus Investment Advisers Inc. acquired a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,731 shares of the transportation company's stock, valued at approximately $549,000. Virtus Investment Advisers Inc. owned about 0.06% of Controladora Vuela Compañía de Aviación as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock valued at $48,000 after acquiring an additional 1,641 shares during the period. R Squared Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at $68,000. Prudential Financial Inc. bought a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $79,000. Sei Investments Co. acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at $79,000. Finally, MMA Asset Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at $112,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Stock Up 3.2%

Shares of VLRS stock traded up $0.14 during trading hours on Friday, reaching $4.42. The company had a trading volume of 1,018,507 shares, compared to its average volume of 862,393. The business has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $6.63. The company has a market cap of $514.78 million, a price-to-earnings ratio of 2.66 and a beta of 2.06. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12 month low of $3.49 and a 12 month high of $9.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. The business had revenue of $678.00 million during the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. On average, research 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VLRS shares. JPMorgan Chase & Co. decreased their target price on 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. TD Cowen cut their target price on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group lowered 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 report on Thursday, May 15th. Citigroup decreased their target price on 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. Finally, Itau BBA Securities lowered Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Four equities 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $7.27.

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.