Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.8556.

Several brokerages recently commented on VLRS. The Goldman Sachs Group downgraded shares of 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. JPMorgan Chase & Co. reduced their target price on shares of 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. Barclays reduced their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price for the company. in a report on Thursday, May 7th.

Insider Transactions at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares of the company’s stock, valued at approximately $22,213,217. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.51% of the stock is owned by corporate insiders.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently made changes to their positions in VLRS. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $12,353,000 after acquiring an additional 565,250 shares during the period. Millennium Management LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 126.5% during the 4th quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock worth $8,796,000 after acquiring an additional 553,251 shares during the period. Jump Financial LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $1,611,000. Walleye Capital LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 100.6% during the 4th quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock worth $4,683,000 after acquiring an additional 264,446 shares during the period. Finally, Dorsey Wright & Associates bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $1,840,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Down 5.5%

Controladora Vuela Compania de Aviacion stock opened at $7.35 on Friday. The firm has a market capitalization of $857.36 million, a PE ratio of -6.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. The company’s 50-day moving average is $7.38 and its 200-day moving average is $8.11. Controladora Vuela Compania de Aviacion has a fifty-two week low of $4.15 and a fifty-two week high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The company had revenue of $770.00 million for 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%. Sell-side analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current year.

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.