Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Down 5.1% - Here's Why

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report)'s stock price traded down 5.1% on Wednesday . The stock traded as low as $7.95 and last traded at $7.91. 378,265 shares were traded during trading, a decline of 30% from the average session volume of 538,599 shares. The stock had previously closed at $8.33.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VLRS. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays reiterated an "overweight" rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. UBS Group boosted 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 report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on 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, TD Cowen boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of "Buy" and a consensus price target of $13.33.

Controladora Vuela Compañía de Aviación Trading Up 1.3 %

The company has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $7.13. The company has a market capitalization of $925.80 million, a P/E ratio of 4.78 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLRS. AQR Capital Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth $408,000. Inspire Advisors LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company's stock valued at $152,000 after acquiring an additional 4,856 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $92,000. MQS Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter worth about $108,000. Finally, 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 purchasing an additional 51,580 shares during the last quarter. 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.