Janney Montgomery Scott LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 64,901 shares of the transportation company’s stock, valued at approximately $470,000. Janney Montgomery Scott LLC owned 0.06% of Controladora Vuela Compania de Aviacion as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in VLRS. Arrowstreet Capital Limited Partnership lifted its holdings in Controladora Vuela Compania de Aviacion by 48.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after acquiring an additional 565,250 shares during the period. Millennium Management LLC grew its stake in shares of Controladora Vuela Compania de Aviacion by 126.5% during the 4th quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock valued at $8,796,000 after purchasing an additional 553,251 shares during the period. Jump Financial LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $1,611,000. Walleye Capital LLC increased its position 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 valued at $4,683,000 after purchasing an additional 264,446 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $2,129,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.
Insider Activity
In other Controladora Vuela Compania de Aviacion news, 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 transaction of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares in the company, valued at $22,213,217. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Controladora Vuela Compania de Aviacion
Controladora Vuela Compania de Aviacion Trading Up 2.9%
VLRS stock opened at $8.03 on Thursday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a twelve month low of $4.40 and a twelve month high of $10.80. The stock has a market capitalization of $935.72 million, a price-to-earnings ratio of -7.50 and a beta of 1.72. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The firm’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $8.31.
Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. As a group, analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 earnings per share for the current year.
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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