Indigo Latam Management LLC held its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 139,380,930 shares of the transportation company’s stock at the end of the second quarter. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. accounts for 100.0% of Indigo Latam Management LLC’s holdings, making the stock its largest holding. Indigo Latam Management LLC owned about 137.75% of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. worth $202,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of VLRS. Bank of Montreal Can bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth about $1,423,000. Wells Fargo & Company MN boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 17.4% during the first quarter. Wells Fargo & Company MN now owns 588,395 shares of the transportation company’s stock worth $8,203,000 after purchasing an additional 87,077 shares during the period. Boston Partners bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth about $2,878,000. Envestnet Asset Management Inc. boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 10.0% during the first quarter. Envestnet Asset Management Inc. now owns 187,126 shares of the transportation company’s stock worth $2,608,000 after purchasing an additional 16,942 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 182.8% during the first quarter. JPMorgan Chase & Co. now owns 49,427 shares of the transportation company’s stock worth $689,000 after purchasing an additional 31,950 shares during the period.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE VLRS) traded down 0.040% during trading on Friday, hitting $12.415. 89,363 shares of the stock were exchanged. The company has a 50-day moving average price of $13.01 and a 200 day moving average price of $13.56. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1-year low of $11.33 and a 1-year high of $20.03. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 206.917 and a beta of 0.01.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its earnings results on Friday, July 21st. The transportation company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.21). The firm had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $316.00 million. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative return on equity of 0.39% and a negative net margin of 0.15%. Equities analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.30) earnings per share for the current fiscal year.

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A number of brokerages have weighed in on VLRS. UBS AG lowered shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. BidaskClub lowered shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Imperial Capital began coverage on shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research report on Thursday, June 29th. They set an “outperform” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a consensus rating of “Hold” and an average price target of $16.25.

About Controladora Vuela Compania de Aviacion, S.A.B. de C.V.

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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Institutional Ownership by Quarter for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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