Controladora Vuela Co Avcn SA CV (NYSE:VLRS)‘s stock had its “sell” rating reaffirmed by Zacks Investment Research in a report issued on Saturday.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

VLRS has been the subject of several other reports. Santander cut shares of Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays set a $15.00 price target on shares of Controladora Vuela Co Avcn SA CV and gave the company a “buy” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.92.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) traded up $0.05 during mid-day trading on Friday, reaching $8.32. 992,529 shares of the company were exchanged, compared to its average volume of 671,216. The firm has a market cap of $725.99, a PE ratio of -59.43 and a beta of -0.11. Controladora Vuela Co Avcn SA CV has a twelve month low of $7.93 and a twelve month high of $16.00.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.12. The business had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $409.00 million. Controladora Vuela Co Avcn SA CV had a negative net margin of 1.07% and a negative return on equity of 2.76%. equities research analysts anticipate that Controladora Vuela Co Avcn SA CV will post -0.46 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. INCA Investments LLC increased its position in Controladora Vuela Co Avcn SA CV by 22.3% in the 3rd quarter. INCA Investments LLC now owns 6,059,265 shares of the transportation company’s stock valued at $71,923,000 after acquiring an additional 1,103,414 shares during the period. Discovery Capital Management LLC CT boosted its stake in Controladora Vuela Co Avcn SA CV by 0.3% during the second quarter. Discovery Capital Management LLC CT now owns 3,553,785 shares of the transportation company’s stock worth $51,708,000 after acquiring an additional 11,600 shares in the last quarter. Morgan Stanley boosted its stake in Controladora Vuela Co Avcn SA CV by 22.8% during the fourth quarter. Morgan Stanley now owns 3,200,281 shares of the transportation company’s stock worth $54,917,000 after acquiring an additional 594,914 shares in the last quarter. Deutsche Bank AG boosted its stake in Controladora Vuela Co Avcn SA CV by 0.7% during the fourth quarter. Deutsche Bank AG now owns 2,991,835 shares of the transportation company’s stock worth $51,339,000 after acquiring an additional 21,819 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of Controladora Vuela Co Avcn SA CV by 14.6% in the first quarter. Hodges Capital Management Inc. now owns 2,958,160 shares of the transportation company’s stock valued at $41,237,000 after buying an additional 377,360 shares in the last quarter.

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Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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