Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.
VLRS has been the topic of several other research reports. UBS Group lifted their price target on 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. Weiss Ratings lowered Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. The Goldman Sachs Group reduced their price objective on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Finally, Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.40.
Read Our Latest Stock Report on VLRS
Controladora Vuela Compania de Aviacion Trading Up 0.1%
Shares of NYSE:VLRS opened at $5.68 on Friday. The firm has a market cap of $662.87 million, a price-to-earnings ratio of -3.47 and a beta of 1.81. Controladora Vuela Compania de Aviacion has a 12 month low of $5.50 and a 12 month high of $10.80. The company’s fifty day simple moving average is $6.53 and its 200 day simple moving average is $7.43. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Controladora Vuela Compania de Aviacion by 238.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after buying an additional 2,301 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after buying an additional 7,632 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth about $177,000. FNY Investment Advisers LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at about $187,000. Finally, Confluence Investment Management LLC grew its holdings in shares of Controladora Vuela Compania de Aviacion by 5.6% in the 3rd quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 1,710 shares in the last quarter. 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., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.
Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.
Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.
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