Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS is Ancient Art L.P.’s 8th Largest Position

Ancient Art L.P. lowered its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRSFree Report) by 10.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,753,193 shares of the transportation company’s stock after selling 207,381 shares during the period. Controladora Vuela Compania de Aviacion makes up 3.5% of Ancient Art L.P.’s holdings, making the stock its 8th biggest position. Ancient Art L.P.’s holdings in Controladora Vuela Compania de Aviacion were worth $15,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Jump Financial LLC raised its stake in Controladora Vuela Compania de Aviacion by 85.8% in the 4th quarter. Jump Financial LLC now owns 67,630 shares of the transportation company’s stock valued at $601,000 after purchasing an additional 31,230 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter worth about $28,000. Fourth Sail Capital LP boosted its stake in shares of Controladora Vuela Compania de Aviacion by 0.4% during the 4th 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 during the last quarter. Barclays PLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter worth about $2,129,000. Finally, Walleye Capital LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 100.6% during the 4th quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock worth $4,683,000 after purchasing an additional 264,446 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on VLRS shares. The Goldman Sachs Group cut 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. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays decreased their price target on shares of 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. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their price target on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, June 12th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.74.

Check Out Our Latest Analysis on VLRS

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock opened at $8.69 on Thursday. The stock’s 50-day moving average is $7.51 and its 200-day moving average is $8.19. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -8.12 and a beta of 1.77. 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.

Controladora Vuela Compania de Aviacion (NYSE:VLRSGet Free Report) last announced 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). The company had revenue of $770.00 million for the quarter, compared to analysts’ expectations of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. Equities analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.42 earnings per share for the current year.

Insider Transactions at Controladora Vuela Compania de Aviacion

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total transaction of $377,000.00. Following the sale, the director directly owned 2,946,050 shares in the company, valued at $22,213,217. The trade was a 1.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.51% of the stock is owned by corporate insiders.

About Controladora Vuela Compania de Aviacion

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VLRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRSFree Report).

Institutional Ownership by Quarter for Controladora Vuela Compania de Aviacion (NYSE:VLRS)

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