WCM Investment Management LLC Increases Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

WCM Investment Management LLC lifted its stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 51.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,679,395 shares of the transportation company's stock after acquiring an additional 570,449 shares during the period. WCM Investment Management LLC owned approximately 1.91% of Controladora Vuela Compañía de Aviación worth $15,971,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VLRS. ANTIPODES PARTNERS Ltd boosted its holdings in Controladora Vuela Compañía de Aviación by 2,264.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company's stock worth $8,998,000 after purchasing an additional 918,776 shares during the last quarter. CenterBook Partners LP boosted its holdings in Controladora Vuela Compañía de Aviación by 436.9% during the third quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company's stock worth $2,967,000 after purchasing an additional 355,555 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $214,000. Moneda S.A. Administradora General de Fondos boosted its holdings in Controladora Vuela Compañía de Aviación by 74.9% during the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company's stock worth $7,039,000 after purchasing an additional 444,082 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $3,764,000. Institutional investors own 53.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on VLRS shares. The Goldman Sachs Group cut their price target on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a "buy" rating for the company in a research note on Friday, January 26th. TD Cowen cut their price target on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Finally, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a "hold" rating to a "buy" rating in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $14.22.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE VLRS traded down $0.42 during mid-day trading on Friday, reaching $7.05. 923,102 shares of the company were exchanged, compared to its average volume of 349,724. The company's 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.54. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $618.92 million, a P/E ratio of 100.73 and a beta of 2.55. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $5.52 and a twelve month high of $15.05.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. The business had revenue of $899.00 million for the quarter, compared to analyst estimates of $882.80 million. During the same period last year, the firm earned $0.24 earnings per share. As a group, research analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.19 earnings per share for the current year.

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.