HB Wealth Management LLC Acquires Shares of 68,313 Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

HB Wealth Management LLC bought a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 68,313 shares of the transportation company’s stock, valued at approximately $490,000. HB Wealth Management LLC owned approximately 0.06% of Controladora Vuela Compania de Aviacion as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jump Financial LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $1,611,000. Diametric Capital LP bought a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $1,067,000. M&T Bank Corp bought a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $704,000. Shay Capital LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at $214,000. Finally, Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth $55,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of VLRS stock opened at $8.70 on Thursday. The stock has a market capitalization of $1.01 billion, a P/E ratio of -16.12 and a beta of 1.89. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $7.92 and its 200 day moving average is $6.70. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $3.49 and a 12 month high of $9.99.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Monday, October 27th. The transportation company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $784.00 million during the quarter, compared to analyst estimates of $783.85 million. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. On average, sell-side 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.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Bank of America increased their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. Barclays upgraded shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $11.00 in a research note on Friday, December 19th. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.22.

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.