Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 236.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,601 shares of the transportation company's stock after buying an additional 159,900 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Controladora Vuela Compañía de Aviación worth $1,693,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VLRS. Stifel Financial Corp boosted its stake in shares of Controladora Vuela Compañía de Aviación by 9.0% in the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock worth $241,000 after acquiring an additional 3,135 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth about $79,000. Prudential Financial Inc. purchased a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $79,000. Segall Bryant & Hamill LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $272,000. Finally, Victory Capital Management Inc. lifted its stake in Controladora Vuela Compañía de Aviación by 146.0% in the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after purchasing an additional 109,776 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Cowen cut their price target on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating for the company in a report on Friday. Citigroup dropped 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 report on Wednesday, March 5th. UBS Group increased 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 research note on Tuesday, January 7th. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 price objective for the company. Finally, StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of "Moderate Buy" and an average target price of $9.27.

Controladora Vuela Compañía de Aviación Stock Down 8.9 %

Shares of VLRS stock traded down $0.35 on Tuesday, reaching $3.59. 6,424,186 shares of the stock were exchanged, compared to its average volume of 777,684. The company has a market capitalization of $418.59 million, a price-to-earnings ratio of 2.16 and a beta of 2.17. The business's 50 day moving average price is $5.44 and its 200 day moving average price is $7.03. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $3.54 and a twelve month high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $678.00 million during the quarter, compared to analysts' expectations of $708.83 million. As a group, sell-side analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Controladora Vuela Compañía de Aviación 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.