Victory Capital Management Inc. Acquires 109,776 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Victory Capital Management Inc. increased its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 146.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 184,952 shares of the transportation company's stock after purchasing an additional 109,776 shares during the period. Victory Capital Management Inc. owned approximately 0.16% of Controladora Vuela Compañía de Aviación worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MMA Asset Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $112,000. WCM Investment Management LLC lifted its stake in Controladora Vuela Compañía de Aviación by 13.3% in 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. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $68,000. XTX Topco Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $212,000. Finally, Stifel Financial Corp lifted its stake in Controladora Vuela Compañía de Aviación by 9.0% in the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock valued at $241,000 after purchasing an additional 3,135 shares during the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded 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 assumed 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 raised their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, Citigroup cut their price objective on shares of 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.88.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS traded down $0.06 during mid-day trading on Friday, reaching $5.54. The stock had a trading volume of 509,243 shares, compared to its average volume of 670,156. The stock has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $7.30. The stock has a market capitalization of $645.37 million, a PE ratio of 3.33 and a beta of 2.48. 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 12 month low of $5.15 and a 12 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 analysts' consensus estimates of $0.55 by ($0.16). The firm had revenue of $835.00 million during the quarter, compared to the consensus estimate 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 analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

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.