Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Down 6.7% – What’s Next?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s share price was down 6.7% on Wednesday . The stock traded as low as $8.40 and last traded at $8.4750. 395,618 shares were traded during mid-day trading, a decline of 44% from the average session volume of 712,252 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VLRS shares. The Goldman Sachs Group cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target on the stock. in a report on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price on the stock. in a research note on Thursday, May 7th. JPMorgan Chase & Co. dropped their target price on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Finally, Jefferies Financial Group assumed coverage on Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They set a “hold” rating and a $10.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Controladora Vuela Compania de Aviacion presently has an average rating of “Hold” and a consensus price target of $8.87.

Controladora Vuela Compania de Aviacion Stock Down 7.7%

The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. The business’s fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.35. The firm has a market cap of $977.11 million, a P/E ratio of -7.82 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. As a group, equities research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 EPS for the current year.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director directly owned 2,946,050 shares in the company, valued at approximately $22,213,217. The trade was a 1.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Controladora Vuela Compania de Aviacion by 48.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after acquiring an additional 565,250 shares during the last quarter. Millennium Management LLC lifted its position 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 worth $8,796,000 after purchasing an additional 553,251 shares during the last quarter. Jump Financial LLC bought a new stake in Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $1,611,000. Walleye Capital LLC lifted its stake in shares of Controladora Vuela Compania de Aviacion by 100.6% in the fourth quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock valued at $4,683,000 after buying an additional 264,446 shares during the period. Finally, Dorsey Wright & Associates bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $1,840,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Company Profile

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.