Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sets New 1-Year Low - Time to Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.08 and last traded at $5.13, with a volume of 37492 shares changing hands. The stock had previously closed at $5.22.

Analyst Upgrades and Downgrades

VLRS has been the subject of several recent analyst reports. Itau BBA Securities began 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 price objective for the company. UBS Group upped their price objective on 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. 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 report on Wednesday, March 5th. 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 analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.88.

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Controladora Vuela Compañía de Aviación Price Performance

The company has a fifty day moving average of $6.72 and a 200-day moving average of $7.25. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock has a market cap of $560.02 million, a PE ratio of 2.89 and a beta of 2.17.

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 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%. Sell-side analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently modified their holdings of the business. WCM Investment Management LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 13.3% in the fourth 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 period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $14,786,000. Mackenzie Financial Corp purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $4,550,000. Renaissance Group LLC grew its position in shares of Controladora Vuela Compañía de Aviación by 33.7% during the fourth quarter. Renaissance Group LLC now owns 315,278 shares of the transportation company's stock worth $2,346,000 after buying an additional 79,417 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $2,106,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Company 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.