Connor Clark & Lunn Investment Management Ltd. purchased a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 283,108 shares of the transportation company's stock, valued at approximately $2,106,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.24% of Controladora Vuela Compañía de Aviación as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its position in shares of 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 worth $18,423,000 after buying an additional 291,252 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Controladora Vuela Compañía de Aviación by 146.0% during the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after buying an additional 109,776 shares during the last quarter. BNP Paribas Financial Markets lifted 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 worth $533,000 after buying an additional 51,580 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $320,000. Finally, XTX Topco Ltd purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $212,000. Hedge funds and other institutional investors own 53.32% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on VLRS shares. StockNews.com cut shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Citigroup cut their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Itau BBA Securities started 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of "Moderate Buy" and an average price target of $12.88.
Check Out Our Latest Stock Report on Controladora Vuela Compañía de Aviación
Controladora Vuela Compañía de Aviación Stock Performance
VLRS traded down $0.06 during trading on Friday, hitting $5.54. The stock had a trading volume of 509,243 shares, compared to its average volume of 670,156. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a market capitalization of $645.37 million, a P/E ratio of 3.33 and a beta of 2.48. The company's 50-day moving average price is $7.36 and its 200 day moving average price is $7.30. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $5.15 and a twelve month high of $9.57.
Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $835.00 million during the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. On average, equities research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.
About Controladora Vuela Compañía de Aviación
(
Free Report)
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.
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