Alberta Investment Management Corp Reduces Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Alberta Investment Management Corp trimmed its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 659,022 shares of the transportation company's stock after selling 157,144 shares during the period. Alberta Investment Management Corp owned approximately 0.57% of Controladora Vuela Compañía de Aviación worth $4,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VLRS. Stifel Financial Corp grew its position in shares of 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 acquiring an additional 3,135 shares during the period. BNP Paribas Financial Markets raised its position in shares of Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company's stock valued at $533,000 after buying an additional 51,580 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $320,000. WCM Investment Management LLC grew its holdings in Controladora Vuela Compañía de Aviación by 13.3% during the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock valued at $18,423,000 after purchasing an additional 291,252 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $92,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Stock Down 8.2 %

VLRS traded down $0.70 during trading hours on Friday, hitting $7.76. 453,570 shares of the company's stock were exchanged, compared to its average volume of 551,167. 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 firm has a 50 day moving average of $8.12 and a 200 day moving average of $7.24. The firm has a market cap of $904.23 million, a P/E ratio of 4.71 and a beta of 2.45. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays restated an "overweight" rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. StockNews.com cut shares of Controladora Vuela Compañía de Aviación from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 23rd. Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an "outperform" rating and a $12.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Finally, UBS Group raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of "Buy" and a consensus price target of $13.14.

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.