SouthState Corp Purchases New Shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

SouthState Corp acquired a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,000 shares of the transportation company’s stock, valued at approximately $216,000.

A number of other large investors have also recently made changes to their positions in VLRS. R Squared Ltd purchased a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter valued at $68,000. Aigen Investment Management LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at $92,000. MMA Asset Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth about $112,000. Quadrature Capital Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $130,000. Finally, Raymond James Financial Inc. bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $153,000. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compañía de Aviación Price Performance

VLRS opened at $5.56 on Tuesday. The company has a market capitalization of $647.94 million, a price-to-earnings ratio of 3.35 and a beta of 2.48. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12-month low of $5.15 and a 12-month high of $9.57. The business’s fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.33.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. On average, equities research analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on VLRS. UBS Group boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Citigroup dropped their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

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.