JPMorgan Chase & Co. Increases Stock Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

JPMorgan Chase & Co. raised its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 236.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 227,601 shares of the transportation company's stock after purchasing an additional 159,900 shares during the period. JPMorgan Chase & Co. owned 0.20% of Controladora Vuela Compañía de Aviación worth $1,693,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its stake in Controladora Vuela Compañía de Aviación by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock valued at $241,000 after purchasing an additional 3,135 shares in the last quarter. R Squared Ltd acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $68,000. WCM Investment Management LLC raised its stake 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 worth $18,423,000 after acquiring an additional 291,252 shares during the last quarter. MMA Asset Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter worth about $112,000. Finally, Victory Capital Management Inc. grew its stake in Controladora Vuela Compañía de Aviación by 146.0% during the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock valued at $1,376,000 after purchasing an additional 109,776 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VLRS. Citigroup dropped their price objective on shares of 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. StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Barclays downgraded Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $12.00 to $4.50 in a research note on Tuesday. TD Cowen reduced their price target on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of "Moderate Buy" and an average target price of $9.27.

Controladora Vuela Compañía de Aviación Price Performance

Controladora Vuela Compañía de Aviación stock traded down $0.08 during midday trading on Thursday, reaching $3.61. The company had a trading volume of 225,638 shares, compared to its average volume of 780,222. 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. The firm's fifty day simple moving average is $5.26 and its 200-day simple moving average is $6.98. The company has a market capitalization of $420.34 million, a P/E ratio of 2.17 and a beta of 2.17.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. As a group, equities analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

Controladora Vuela Compañía de Aviación Company 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.