Janney Capital Management LLC Sells 1,838 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Janney Capital Management LLC cut its stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 45,528 shares of the transportation company’s stock after selling 1,838 shares during the period. Janney Capital Management LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Insigneo Advisory Services LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter valued at about $64,000. Inspire Advisors LLC increased its stake in Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after buying an additional 4,856 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after buying an additional 40,955 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after buying an additional 18,433 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $408,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen lifted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays reiterated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and a consensus target price of $13.02.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS opened at $7.32 on Monday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1 year low of $5.15 and a 1 year high of $9.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The stock’s fifty day moving average price is $6.47 and its two-hundred day moving average price is $6.80. The firm has a market cap of $853.51 million, a PE ratio of 4.41 and a beta of 2.43.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same period in the previous year, the business posted ($0.33) EPS. On average, equities research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 EPS for the current year.

About Controladora Vuela Compañía de Aviación

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.