WCM Investment Management LLC Trims Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

WCM Investment Management LLC decreased its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,188,339 shares of the transportation company's stock after selling 208,435 shares during the period. WCM Investment Management LLC owned about 1.88% of Controladora Vuela Compañía de Aviación worth $14,334,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VLRS. Inspire Advisors LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company's stock worth $152,000 after acquiring an additional 4,856 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company's stock worth $1,325,000 after purchasing an additional 5,461 shares in the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter worth about $64,000. BNP Paribas Financial Markets raised its stake in Controladora Vuela Compañía de Aviación by 43.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company's stock valued at $454,000 after purchasing an additional 18,433 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Controladora Vuela Compañía de Aviación by 207.3% during the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company's stock valued at $386,000 after purchasing an additional 40,955 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VLRS has been the topic of several recent analyst reports. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 24th. Barclays restated an "overweight" rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen lifted their target price 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. Finally, JPMorgan Chase & Co. increased their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an "overweight" rating in a report on Tuesday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Up 2.4 %

Shares of NYSE:VLRS traded up $0.18 during midday trading on Tuesday, reaching $7.71. The company had a trading volume of 1,140,272 shares, compared to its average volume of 619,149. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1-year low of $5.15 and a 1-year high of $9.67. The stock has a market cap of $898.99 million, a PE ratio of 4.57 and a beta of 2.43. The business's 50 day moving average price is $6.68 and its 200 day moving average price is $6.77. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. The company had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter last year, the company posted ($0.33) EPS. Research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 EPS for the current fiscal year.

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.