Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS – Get Free Report) Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the sale, the director directly owned 3,046,050 shares in the company, valued at approximately $22,327,546.50. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Controladora Vuela Compania de Aviacion Stock Down 5.0%
NYSE:VLRS traded down $0.37 during trading hours on Thursday, hitting $6.91. 1,737,240 shares of the stock traded hands, compared to its average volume of 737,829. The firm has a 50 day moving average price of $7.40 and a 200 day moving average price of $8.05. 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, S.A.B. de C.V. has a fifty-two week low of $4.15 and a fifty-two week high of $10.80. The firm has a market cap of $806.04 million, a price-to-earnings ratio of -6.46 and a beta of 1.77.
Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) last announced its earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The firm had revenue of $770.00 million for the quarter, compared to analyst estimates of $44.60 million. Equities research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current year.
Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion
Wall Street Analysts Forecast Growth
VLRS has been the topic of a number of research reports. Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th. 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 price target on the stock. in a research note on Thursday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of 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, 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 price target on the stock. in a research note on Monday, April 13th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Controladora Vuela Compania de Aviacion currently has a consensus rating of “Hold” and an average price target of $8.86.
Check Out Our Latest Stock Analysis on Controladora Vuela Compania de Aviacion
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.
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