Controladora Vuela Compania de Aviacion (NYSE:VLRS) Trading Up 11.7% – Still a Buy?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) shares were up 11.7% on Wednesday . The stock traded as high as $7.84 and last traded at $7.6610. Approximately 198,499 shares were traded during trading, a decline of 76% from the average daily volume of 813,078 shares. The stock had previously closed at $6.86.

Analyst Ratings Changes

VLRS has been the subject of several recent research reports. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Bank of America boosted their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Barclays cut their price target on Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.74.

Controladora Vuela Compania de Aviacion Stock Down 0.2%

The firm’s fifty day simple moving average is $8.38 and its 200 day simple moving average is $7.93. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.68. The company has a market cap of $902.95 million, a price-to-earnings ratio of -8.70 and a beta of 1.92.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Sunday, February 15th. The transportation company reported $0.04 earnings per share for the quarter. The business had revenue of $882.00 million for the quarter. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. Sell-side analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Controladora Vuela Compania de Aviacion during the 4th quarter worth about $28,000. Savant Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the third quarter worth approximately $77,000. Inspire Investing LLC lifted its stake in Controladora Vuela Compania de Aviacion by 20.7% during the third quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock worth $100,000 after purchasing an additional 2,389 shares during the last quarter. R Squared Ltd acquired a new position in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $100,000. Finally, Engineers Gate Manager LP acquired a new position in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $137,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

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.