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

Millennium Management LLC lessened its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 55.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 412,279 shares of the transportation company's stock after selling 518,557 shares during the period. Millennium Management LLC owned about 0.35% of Controladora Vuela Compañía de Aviación worth $2,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLRS. Capital Research Global Investors grew its stake in shares of Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company's stock valued at $32,578,000 after buying an additional 1,372,624 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in Controladora Vuela Compañía de Aviación by 91.0% during the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company's stock worth $13,594,000 after purchasing an additional 872,764 shares during the period. American Century Companies Inc. lifted its position in shares of Controladora Vuela Compañía de Aviación by 2.7% during the second 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. AQR Capital Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $408,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Controladora Vuela Compañía de Aviación by 43.1% in the first 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. Hedge funds and other institutional investors own 53.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VLRS shares. 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 research note on Wednesday, July 17th. Six equities research 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, Controladora Vuela Compañía de Aviación currently has a consensus rating of "Buy" and an average target price of $12.52.

Controladora Vuela Compañía de Aviación Stock Up 4.8 %

VLRS stock traded up $0.32 during midday trading on Wednesday, reaching $6.98. 1,009,724 shares of the company were exchanged, compared to its average volume of 584,377. The company has a market cap of $813.87 million, a price-to-earnings ratio of 6.91 and a beta of 2.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. 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's 50-day simple moving average is $6.06 and its 200 day simple moving average is $6.84.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.04. The firm had revenue of $726.00 million during the quarter, compared to analysts' expectations of $739.87 million. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. On average, equities 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.

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.