Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Passes Below 200 Day Moving Average – Here’s Why

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.11 and traded as low as $7.27. Controladora Vuela Compania de Aviacion shares last traded at $7.3530, with a volume of 186,486 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VLRS shares. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Barclays decreased their target price on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.86.

Controladora Vuela Compania de Aviacion Trading Down 5.5%

The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. The firm has a fifty day simple moving average of $7.38 and a two-hundred day simple moving average of $8.11. The firm has a market cap of $857.36 million, a PE ratio of -6.87 and a beta of 1.77.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The business had revenue of $770.00 million during the quarter, compared to analysts’ expectations 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%. Equities analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 EPS for the current year.

Insider Activity at Controladora Vuela Compania de Aviacion

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $28,000. Fourth Sail Capital LP lifted its stake in shares of Controladora Vuela Compania de Aviacion by 0.4% in the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after purchasing an additional 3,277 shares during the period. State Street Corp lifted its stake in shares of Controladora Vuela Compania de Aviacion by 4.7% in the 4th quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock valued at $696,000 after purchasing an additional 3,533 shares during the period. American Century Companies Inc. raised its stake in Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after buying an additional 7,626 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after buying an additional 7,632 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

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.