Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.34 and traded as high as $9.19. Controladora Vuela Compania de Aviacion shares last traded at $8.9650, with a volume of 248,545 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on VLRS. JPMorgan Chase & Co. lifted their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Evercore ISI lifted their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Barclays upgraded Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $9.00 to $11.00 in a report on Friday, December 19th. Wall Street Zen raised Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.92.

Controladora Vuela Compania de Aviacion Price Performance

The firm has a market cap of $1.05 billion, a P/E ratio of -16.60 and a beta of 1.95. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73. The business’s 50 day moving average is $7.34 and its two-hundred day moving average is $6.31.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Monday, October 27th. The transportation company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%.The firm had revenue of $784.00 million during the quarter, compared to the consensus estimate of $783.85 million. As a group, analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors have recently added to or reduced their stakes in VLRS. AQR Capital Management LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 322.5% during the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock worth $6,683,000 after buying an additional 977,249 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Controladora Vuela Compania de Aviacion by 48.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after acquiring an additional 565,250 shares during the period. Millennium Management LLC bought a new position in Controladora Vuela Compania de Aviacion during the third quarter worth $3,139,000. Jump Financial LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the second quarter worth $1,611,000. Finally, Ancient Art L.P. increased its stake in Controladora Vuela Compania de Aviacion by 22.2% in the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company’s stock valued at $9,481,000 after purchasing an additional 329,496 shares in the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compania de Aviacion

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.