Diametric Capital LP Acquires Shares of 224,710 Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Diametric Capital LP bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 224,710 shares of the transportation company’s stock, valued at approximately $1,067,000.

Other large investors have also recently modified their holdings of the company. Ancient Art L.P. raised its holdings in Controladora Vuela Compania de Aviacion by 22.2% during the 1st quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company’s stock valued at $9,481,000 after buying an additional 329,496 shares during the period. AQR Capital Management LLC increased its position in Controladora Vuela Compania de Aviacion by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock valued at $6,683,000 after acquiring an additional 977,249 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Controladora Vuela Compania de Aviacion by 5.9% in the first quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company’s stock valued at $6,610,000 after acquiring an additional 71,163 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the first quarter valued at $3,312,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth about $2,056,000. Institutional investors own 53.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VLRS shares. JPMorgan Chase & Co. upped their price target on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Evercore ISI boosted their target price on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Barclays upped their target price on Controladora Vuela Compania de Aviacion from $5.50 to $7.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Citigroup lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.22.

Controladora Vuela Compania de Aviacion Price Performance

NYSE VLRS opened at $7.81 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. The firm’s 50 day moving average price is $6.84 and its 200-day moving average price is $5.85. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52-week low of $3.49 and a 52-week high of $9.00. The company has a market cap of $910.18 million, a PE ratio of -14.46 and a beta of 1.95.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The company had revenue of $784.00 million during the quarter, compared to the consensus estimate of $783.85 million. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. Sell-side analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Controladora Vuela Compania de Aviacion Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.