AdvisorShares Investments LLC Takes Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

AdvisorShares Investments LLC acquired a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 118,837 shares of the transportation company’s stock, valued at approximately $860,000.

A number of other institutional investors have also recently bought and sold shares of VLRS. Public Employees Retirement System of Ohio purchased a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $28,000. Fourth Sail Capital LP lifted its position in shares of Controladora Vuela Compania de Aviacion by 0.4% in the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after purchasing an additional 3,277 shares in the last quarter. State Street Corp boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 4.7% during the fourth quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock worth $696,000 after purchasing an additional 3,533 shares during the period. American Century Companies Inc. grew its position 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 purchasing an additional 7,626 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $100,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VLRS shares. 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 research report on Monday, April 13th. JPMorgan Chase & Co. reduced their price objective on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a research report on Friday, June 12th. Barclays lowered 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. Itau BBA Securities lowered Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price on the stock. in a research report on Thursday, May 7th. Finally, Jefferies Financial Group began coverage on Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They set a “hold” rating and a $10.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.87.

Controladora Vuela Compania de Aviacion Stock Down 0.1%

VLRS stock opened at $9.15 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of -8.56 and a beta of 1.72. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1 year low of $4.34 and a 1 year high of $10.80. The company has a fifty day simple moving average of $7.87 and a 200 day simple moving average of $8.33. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted 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). Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%.The business had revenue of $770.00 million for the quarter, compared to analyst estimates of $44.60 million. Sell-side analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 EPS for the current fiscal year.

Insider Activity

In other news, Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was 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 in the company, valued at approximately $22,213,217. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.51% 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.