Wellington Management Group LLP Takes Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Key Points

• Wellington Management Group LLP has acquired a new stake in Controladora Vuela Compania de Aviacion, purchasing 634,566 shares valued at approximately $3.31 million during the first quarter.
• Multiple hedge funds, including Raymond James Financial and ABS Direct Equity Fund LLC, have also made significant investments in Controladora Vuela, indicating growing institutional interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for the airline company, with price targets ranging from $6.00 to $8.60, reflecting varied outlooks on the stock's potential performance.

Wellington Management Group LLP purchased a new stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 634,566 shares of the transportation company's stock, valued at approximately $3,312,000. Wellington Management Group LLP owned about 0.54% of Controladora Vuela Compania de Aviacion as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $153,000. Tower Research Capital LLC TRC increased its stake in shares of Controladora Vuela Compania de Aviacion by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after purchasing an additional 1,641 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Controladora Vuela Compania de Aviacion by 51.2% in the 4th quarter. BNP Paribas Financial Markets now owns 127,394 shares of the transportation company's stock worth $948,000 after purchasing an additional 43,142 shares in the last quarter. Man Group plc bought a new position in Controladora Vuela Compania de Aviacion in the 4th quarter worth $623,000. Finally, Virtus Investment Advisers Inc. purchased a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at $549,000. Institutional investors own 53.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VLRS shares. Citigroup cut Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price target for the company. in a research report on Friday, August 22nd. Wall Street Zen lowered shares of Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. UBS Group raised their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Barclays upped their price target on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a research report on Tuesday, June 10th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Controladora Vuela Compania de Aviacion presently has an average rating of "Moderate Buy" and an average price target of $7.44.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS traded down $0.06 during midday trading on Thursday, hitting $6.12. 250,797 shares of the company traded hands, compared to its average volume of 421,908. The stock has a market cap of $713.01 million, a price-to-earnings ratio of -22.65 and a beta of 2.00. The firm has a 50 day moving average of $5.45 and a 200-day moving average of $5.16. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52 week low of $3.49 and a 52 week high of $9.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its earnings results on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, topping analysts' consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $664.01 million. During the same period in the previous year, the business earned $0.09 earnings per share. On average, analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

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.