WCM Investment Management LLC Has $18.42 Million Stock Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

WCM Investment Management LLC increased its position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,479,591 shares of the transportation company's stock after buying an additional 291,252 shares during the period. WCM Investment Management LLC owned 2.13% of Controladora Vuela Compañía de Aviación worth $18,423,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock valued at $241,000 after purchasing an additional 3,135 shares in the last quarter. Inspire Advisors LLC increased its holdings in shares of Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company's stock worth $152,000 after buying an additional 4,856 shares during the last quarter. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter worth approximately $68,000. Aigen Investment Management LP bought a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter valued at about $92,000. Finally, MQS Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $108,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE:VLRS traded up $0.02 during midday trading on Wednesday, hitting $7.70. The company had a trading volume of 491,993 shares, compared to its average volume of 544,114. 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, S.A.B. de C.V. has a twelve month low of $5.15 and a twelve month high of $9.57. The business's 50-day simple moving average is $8.16 and its 200-day simple moving average is $7.15. The stock has a market cap of $897.82 million, a price-to-earnings ratio of 4.64 and a beta of 2.45.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Barclays reaffirmed an "overweight" rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. StockNews.com cut Controladora Vuela Compañía de Aviación from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Finally, Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday. They issued an "outperform" rating and a $12.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.14.

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.