Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Short Interest Down 41.3% in March

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 762,500 shares, a decline of 41.3% from the March 15th total of 1,300,000 shares. Based on an average trading volume of 457,400 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently made changes to their positions in VLRS. Natixis purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $43,000. Tower Research Capital LLC TRC raised its stake in shares of Controladora Vuela Compañía de Aviación by 85.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,098 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 1,428 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 3,324 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $83,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. TD Cowen reduced their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.22.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS stock opened at $7.68 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.77 and a quick ratio of 0.76. The firm’s 50-day moving average is $7.43 and its two-hundred day moving average is $7.53. Controladora Vuela Compañía de Aviación has a 12 month low of $5.52 and a 12 month high of $15.05. The company has a market capitalization of $674.20 million, a PE ratio of 109.71 and a beta of 2.55.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, February 26th. The transportation company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. The company had revenue of $899.00 million for the quarter, compared to the consensus estimate of $882.80 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Analysts predict that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current year.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.