Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Crosses Below 200-Day Moving Average – What’s Next?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) shares crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $7.55 and traded as low as $6.55. Controladora Vuela Compania de Aviacion shares last traded at $6.5640, with a volume of 326,243 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They issued a “hold” rating and a $10.00 price objective on the stock. Weiss Ratings downgraded shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a report on Friday, June 12th. Finally, UBS Group upped their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Controladora Vuela Compania de Aviacion presently has an average rating of “Hold” and a consensus price target of $9.40.

Controladora Vuela Compania de Aviacion Trading Up 1.6%

The stock has a market cap of $759.30 million, a PE ratio of -3.97 and a beta of 1.81. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78. The stock’s fifty day moving average price is $7.14 and its 200 day moving average price is $7.55.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). The business had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. On average, sell-side analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.49 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently modified their holdings of VLRS. Confluence Investment Management LLC raised its position in shares of Controladora Vuela Compania de Aviacion by 5.6% during the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock valued at $212,000 after buying an additional 1,710 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Controladora Vuela Compania de Aviacion by 238.7% during the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after acquiring an additional 2,301 shares during the last quarter. Fourth Sail Capital LP boosted its position in shares of Controladora Vuela Compania de Aviacion by 0.4% during the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after acquiring an additional 3,277 shares during the last quarter. Royal Bank of Canada grew its stake in Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in Controladora Vuela Compania de Aviacion by 143.3% in the 4th quarter. Savant Capital LLC now owns 26,177 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 15,416 shares during the last quarter. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company of Volaris, an ultra-low-cost airline based in Mexico. Founded in 2005, Volaris began commercial operations in 2006 and provides scheduled passenger air transportation, with additional revenue from ancillary offerings such as baggage, seat selection and other travel-related services.

Volaris serves a broad network of destinations in Mexico, the United States and Central America. Its operations connect major Mexican cities with U.S.