Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Passes Below 200 Day Moving Average – Here’s Why

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.11 and traded as low as $7.27. Controladora Vuela Compania de Aviacion shares last traded at $7.3530, with a volume of 186,486 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VLRS. Zacks Research cut Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a research note on Thursday, May 7th. Barclays lowered their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, The Goldman Sachs Group lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price for the company. in a report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and a consensus price target of $8.86.

Controladora Vuela Compania de Aviacion Trading Down 5.5%

The firm has a market cap of $857.36 million, a P/E ratio of -6.87 and a beta of 1.77. The stock has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $8.11. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.66 and a current ratio of 0.67.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The business had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. On average, research analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current fiscal year.

Insider Activity at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares of the company’s stock, valued at $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.51% of the stock is owned by insiders.

Institutional Trading of Controladora Vuela Compania de Aviacion

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth $28,000. Royal Bank of Canada grew its holdings in shares of Controladora Vuela Compania de Aviacion by 6,204.9% in the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after acquiring an additional 7,632 shares during the period. Savant Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter worth $77,000. R Squared Ltd bought a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth $100,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth $137,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.