Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Up 7.1% – Here’s Why

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) shot up 7.1% on Monday. The stock traded as high as $6.77 and last traded at $6.8650. 45,783 shares were traded during trading, a decline of 93% from the average session volume of 654,586 shares. The stock had previously closed at $6.41.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Sunday. Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. UBS Group upped their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion currently has an average rating of “Hold” and a consensus target price of $9.40.

Controladora Vuela Compania de Aviacion Price Performance

The firm has a market cap of $805.11 million, a price-to-earnings ratio of -3.60 and a beta of 1.81. The business’s 50-day simple moving average is $6.42 and its two-hundred day simple moving average is $7.72. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 10.31.

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

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently bought and sold shares of VLRS. Confluence Investment Management LLC boosted its position in shares of Controladora Vuela Compania de Aviacion by 5.6% during the third 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 in the last quarter. WINTON GROUP Ltd purchased a new position in Controladora Vuela Compania de Aviacion during the second quarter valued at $653,000. FNY Investment Advisers LLC bought a new stake in Controladora Vuela Compania de Aviacion in the second quarter worth $187,000. GAMMA Investing LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 238.7% in the second 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 in the last quarter. Finally, Empowered Funds LLC bought a new stake in Controladora Vuela Compania de Aviacion in the first quarter worth $1,103,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

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.