JPMorgan Chase & Co. Sells 116,612 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

JPMorgan Chase & Co. trimmed its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 63.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,701 shares of the transportation company's stock after selling 116,612 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Controladora Vuela Compañía de Aviación worth $429,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Controladora Vuela Compañía de Aviación during the second quarter worth $1,338,000. Perpetual Ltd grew its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% during the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company's stock valued at $2,829,000 after purchasing an additional 105,570 shares during the last quarter. AQR Capital Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $408,000. BNP Paribas Financial Markets lifted its holdings in 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 in the last quarter. Finally, Centiva Capital LP bought a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $320,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on VLRS. UBS Group upped 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 research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Barclays reiterated an "overweight" rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, TD Cowen boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $13.33.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS traded up $0.07 during midday trading on Thursday, reaching $8.78. 448,865 shares of the stock were exchanged, compared to its average volume of 500,825. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The stock's 50 day simple moving average is $8.09 and its 200 day simple moving average is $7.04. 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. The company has a market cap of $1.02 billion, a P/E ratio of 5.29 and a beta of 2.42.

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.