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 company’s stock in a transaction 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 transaction, the director owned 2,996,050 shares of the company’s stock, valued at approximately $22,590,217. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
William Dean Donovan also recently made the following trade(s):
- On Tuesday, May 12th, William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock. The stock was sold at an average price of $7.33, for a total value of $366,500.00.
Controladora Vuela Compania de Aviacion Price Performance
Shares of VLRS opened at $7.83 on Friday. The company has a market cap of $912.40 million, a P/E ratio of -7.31 and a beta of 1.77. The stock has a fifty day moving average price of $7.33 and a 200 day moving average price of $8.07. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $4.15 and a 12 month high of $10.80.
Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion
A number of hedge funds and other institutional investors have recently modified their holdings of VLRS. Public Employees Retirement System of Ohio acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $28,000. Royal Bank of Canada boosted its position in shares of Controladora Vuela Compania de Aviacion by 6,204.9% in the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 7,632 shares during the period. Savant Capital LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter valued at $77,000. R Squared Ltd acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $100,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $137,000. Institutional investors and hedge funds own 53.32% of the company’s stock.
Analysts Set New Price Targets
VLRS has been the subject of several recent analyst reports. Zacks Research cut Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target for the company. in a research note on Monday, April 13th. JPMorgan Chase & Co. decreased their price target on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target for the company. in a research note on Thursday, May 7th. Finally, Barclays decreased their price target on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Controladora Vuela Compania de Aviacion presently has an average rating of “Hold” and an average target price of $8.86.
Check Out Our Latest Research Report on VLRS
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.
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