Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 210,300 shares of the transportation company's stock, valued at approximately $1,338,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.18% of Controladora Vuela Compañía de Aviación as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VLRS. Insigneo Advisory Services LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth $64,000. Confluence Investment Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the first quarter worth approximately $211,000. Squarepoint Ops LLC lifted its position in 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 during the period. BNP Paribas Financial Markets grew its position in Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company's stock worth $454,000 after purchasing an additional 18,433 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at $408,000. Institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS traded down $0.02 during midday trading on Tuesday, hitting $6.22. 262,614 shares of the company traded hands, compared to its average volume of 587,159. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52 week low of $5.15 and a 52 week high of $9.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a 50 day moving average of $5.99 and a 200-day moving average of $6.88. The stock has a market cap of $725.25 million, a price-to-earnings ratio of 6.41 and a beta of 2.46.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The business had revenue of $726.00 million for the quarter, compared to the consensus estimate of $739.87 million. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. On average, analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VLRS has been the topic of several analyst reports. TD Cowen dropped their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. StockNews.com raised Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $12.52.

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.