Zacks Research cut shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS – Free Report) from a hold rating to a strong sell rating in a research note published on Thursday morning,Zacks reports.
VLRS has been the topic of a number of other research reports. Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. UBS Group upped their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group assumed coverage on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Controladora Vuela Compania de Aviacion has a consensus rating of “Hold” and a consensus target price of $9.40.
Get Our Latest Analysis on Controladora Vuela Compania de Aviacion
Controladora Vuela Compania de Aviacion Price Performance
Shares of Controladora Vuela Compania de Aviacion stock traded down $0.10 during trading on Thursday, hitting $5.89. The stock had a trading volume of 764,999 shares, compared to its average volume of 387,458. Controladora Vuela Compania de Aviacion has a fifty-two week low of $5.79 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 6.78, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average of $6.76 and a two-hundred day moving average of $7.47. The firm has a market cap of $687.36 million, a P/E ratio of -3.59 and a beta of 1.81.
Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The company had revenue of $859.00 million for the quarter, compared to the consensus estimate of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. On average, sell-side analysts expect that Controladora Vuela Compania de Aviacion will post -2.49 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion
Institutional investors and hedge funds have recently bought and sold shares of the business. Confluence Investment Management LLC boosted its position in Controladora Vuela Compania de Aviacion by 5.6% during the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 1,710 shares during the last quarter. WINTON GROUP Ltd bought a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter worth $653,000. FNY Investment Advisers LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth about $187,000. GAMMA Investing LLC boosted its position in shares of Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 2,301 shares during the period. Finally, Empowered Funds LLC bought a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $1,103,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.
Controladora Vuela Compania de Aviacion Company Profile
Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company for Volaris, an ultra-low-cost airline headquartered in Mexico. The company provides scheduled passenger air transportation, offering primarily point-to-point flights at affordable fares, along with ancillary services such as baggage, seat selection and other travel-related products.
Volaris began operations in 2006 and has developed an extensive domestic network in Mexico, connecting major cities with leisure and business destinations.
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