Perpetual Ltd Purchases 105,570 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Perpetual Ltd increased its position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 446,958 shares of the transportation company's stock after acquiring an additional 105,570 shares during the quarter. Perpetual Ltd owned about 0.38% of Controladora Vuela Compañía de Aviación worth $2,829,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Par Capital Management Inc. boosted its stake in Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company's stock valued at $20,683,000 after acquiring an additional 2,150,263 shares during the last quarter. Confluence Investment Management LLC bought a new position in Controladora Vuela Compañía de Aviación during the first quarter worth about $211,000. BNP Paribas Financial Markets grew its position in shares of 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 worth $454,000 after buying an additional 18,433 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Controladora Vuela Compañía de Aviación by 91.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company's stock worth $13,594,000 after buying an additional 872,764 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company's stock valued at $32,578,000 after acquiring an additional 1,372,624 shares during the last quarter. Institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Stock Up 0.8 %

Shares of NYSE:VLRS traded up $0.05 during midday trading on Friday, reaching $6.29. 228,766 shares of the company were exchanged, compared to its average volume of 582,016. The firm has a market cap of $733.41 million, a PE ratio of 6.23 and a beta of 2.46. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The stock has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $6.86. 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 released its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The firm 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%. As a group, sell-side analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 24th. TD Cowen decreased their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to 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.