Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Down 3.4% – What’s Next?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s share price was down 3.4% during trading on Monday . The stock traded as low as $4.54 and last traded at $4.54. Approximately 708,756 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 719,606 shares. The stock had previously closed at $4.70.

Analyst Upgrades and Downgrades

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

Controladora Vuela Compañía de Aviación Stock Performance

The company has a market cap of $517.70 million, a PE ratio of 2.67 and a beta of 2.17. The stock’s 50 day simple moving average is $6.07 and its two-hundred day simple moving average is $7.13. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

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 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 firm had revenue of $835.00 million during the quarter, compared to analysts’ expectations of $709.48 million. As a group, 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 year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VLRS. Tower Research Capital LLC TRC lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 1,641 shares in the last quarter. Stifel Financial Corp raised its position in Controladora Vuela Compañía de Aviación by 9.0% in the third 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 during the period. R Squared Ltd acquired a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth about $68,000. Prudential Financial Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth about $79,000. Finally, Sei Investments Co. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth about $79,000. 53.32% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compañía de Aviación

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.