Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Bought by Renaissance Group LLC

Renaissance Group LLC boosted its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 315,278 shares of the transportation company's stock after purchasing an additional 79,417 shares during the quarter. Renaissance Group LLC owned about 0.27% of Controladora Vuela Compañía de Aviación worth $2,346,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VLRS. Stifel Financial Corp increased its position in Controladora Vuela Compañía de Aviación by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock worth $241,000 after purchasing an additional 3,135 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Segall Bryant & Hamill LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $272,000. BNP Paribas Financial Markets boosted its position in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company's stock worth $533,000 after purchasing an additional 51,580 shares during the period. Finally, Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $320,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VLRS shares. StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. UBS Group increased their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Citigroup reduced their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an "outperform" rating and a $12.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.88.

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Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock traded up $0.04 on Monday, hitting $4.74. 154,855 shares of the stock traded hands, compared to its average volume of 795,840. The company's fifty day moving average is $6.20 and its 200 day moving average is $7.17. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1-year low of $4.39 and a 1-year high of $9.57. The company has a market capitalization of $552.67 million, a PE ratio of 2.86 and a beta of 2.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its earnings results on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.16). The company had revenue of $835.00 million during the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. On average, equities research analysts predict 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 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.