73,731 Shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Acquired by Virtus Investment Advisers Inc.

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

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in 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 acquired a new position in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $68,000. Prudential Financial Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $79,000. Sei Investments Co. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $79,000. Finally, MMA Asset Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $112,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS traded down $0.03 during trading hours on Wednesday, hitting $4.25. 965,077 shares of the stock were exchanged, compared to its average volume of 859,282. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. 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 market cap of $494.96 million, a price-to-earnings ratio of 2.56 and a beta of 2.06. The stock's 50-day moving average price is $4.68 and its two-hundred day moving average price is $6.68.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $678.00 million during the quarter, compared to analysts' expectations of $708.83 million. 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 year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VLRS shares. JPMorgan Chase & Co. cut their price objective 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. Morgan Stanley cut Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price objective for the company. in a research report on Tuesday, April 29th. StockNews.com cut Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. UBS Group cut their price objective on Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Finally, Itau BBA Securities cut Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.