Wall Street Zen Upgrades Controladora Vuela Compania de Aviacion (NYSE:VLRS) to Hold

Controladora Vuela Compania de Aviacion (NYSE:VLRS) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group dropped their price objective on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday. Finally, UBS Group upped their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.40.

Controladora Vuela Compania de Aviacion Stock Performance

VLRS opened at $6.83 on Friday. Controladora Vuela Compania de Aviacion has a 52-week low of $5.45 and a 52-week high of $10.80. The firm has a market capitalization of $796.96 million, a PE ratio of -3.56 and a beta of 1.81. The company has a debt-to-equity ratio of 10.31, a quick ratio of 0.64 and a current ratio of 0.67. The business’s 50-day simple moving average is $6.42 and its 200 day simple moving average is $7.70.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.19). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 6.20% and a negative return on equity of 151.52%. As a group, sell-side analysts expect that Controladora Vuela Compania de Aviacion will post -2.45 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of hedge funds have recently made changes to their positions in VLRS. GAMMA Investing LLC increased its holdings in shares of Controladora Vuela Compania de Aviacion by 238.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after acquiring an additional 2,301 shares during the last quarter. Royal Bank of Canada raised its stake in Controladora Vuela Compania de Aviacion by 6,204.9% in the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $177,000. FNY Investment Advisers LLC bought a new stake in Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $187,000. Finally, Confluence Investment Management LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 5.6% during the 3rd quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 1,710 shares during the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.