WCM Investment Management LLC Sells 63,474 Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

WCM Investment Management LLC trimmed its holdings in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,416,117 shares of the transportation company's stock after selling 63,474 shares during the quarter. WCM Investment Management LLC owned 2.07% of Controladora Vuela Compania de Aviacion worth $13,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at $79,000. Prudential Financial Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at $79,000. Segall Bryant & Hamill LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at $272,000. JPMorgan Chase & Co. raised its stake in shares of Controladora Vuela Compania de Aviacion by 236.2% in the fourth quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock valued at $1,693,000 after purchasing an additional 159,900 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Controladora Vuela Compania de Aviacion 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 purchasing an additional 53,267 shares in the last quarter. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion Price Performance

Shares of NYSE:VLRS traded down $0.01 during midday trading on Friday, reaching $4.81. The company's stock had a trading volume of 274,589 shares, compared to its average volume of 912,442. Controladora Vuela Compania de Aviacion, 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 company has a market capitalization of $560.85 million, a P/E ratio of 13.36 and a beta of 2.12. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.75 and a quick ratio of 0.74. The business's fifty day simple moving average is $4.40 and its 200-day simple moving average is $5.93.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its earnings results 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. The company had revenue of $678.00 million during the quarter, compared to analyst estimates of $708.83 million. Controladora Vuela Compania de Aviacion had a return on equity of 13.07% and a net margin of 1.38%. As a group, equities research analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on VLRS shares. The Goldman Sachs Group cut their target price on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research note on Tuesday, June 10th. JPMorgan Chase & Co. cut their price objective on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Barclays cut Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $12.00 to $4.50 in a report on Tuesday, April 29th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Finally, TD Cowen cut their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a "buy" rating for the company in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.44.

About Controladora Vuela Compania de Aviacion

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.