Arrowstreet Capital Limited Partnership Acquires New Shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,987,411 shares of the transportation company's stock, valued at approximately $14,786,000. Arrowstreet Capital Limited Partnership owned 1.70% of Controladora Vuela Compañía de Aviación as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Controladora Vuela Compañía de Aviación by 157.9% in 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 during the period. Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $320,000. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $130,000. Stifel Financial Corp raised its position in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock worth $241,000 after purchasing an additional 3,135 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth $212,000. Institutional investors own 53.32% of the company's stock.

Analysts Set New Price Targets

VLRS has been the subject of a number of recent research reports. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 target price on the stock. UBS Group raised their price target on shares of 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. Finally, Citigroup lowered 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 research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.88.

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Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE VLRS traded up $0.42 during mid-day trading on Wednesday, reaching $5.09. 1,771,060 shares of the company's stock were exchanged, compared to its average volume of 716,084. The firm has a market capitalization of $593.48 million, a price-to-earnings ratio of 3.07 and a beta of 2.17. The firm has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $7.19. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52 week low of $4.39 and a 52 week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $835.00 million during the quarter, compared to analysts' expectations of $709.48 million. Analysts predict 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 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.