Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Holdings Lowered by WCM Investment Management LLC

WCM Investment Management LLC cut its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 8.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,188,339 shares of the transportation company’s stock after selling 208,435 shares during the period. WCM Investment Management LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $14,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Insigneo Advisory Services LLC bought a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth about $64,000. Inspire Advisors LLC raised its holdings in shares of 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 worth $152,000 after purchasing an additional 4,856 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Controladora Vuela Compañía de Aviación by 207.3% during the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 40,955 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $408,000. Finally, BNP Paribas Financial Markets boosted its holdings in Controladora Vuela Compañía de Aviación by 43.1% during the first 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 in the last quarter. 53.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Controladora Vuela Compañía de Aviación Price Performance

VLRS opened at $7.53 on Tuesday. The firm has a market capitalization of $878.00 million, a P/E ratio of 4.57 and a beta of 2.43. The stock has a fifty day moving average of $6.64 and a 200-day moving average of $6.78. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12-month low of $5.15 and a 12-month high of $9.67.

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, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same period in the prior year, the business earned ($0.33) EPS. Equities analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 EPS for the current fiscal year.

Controladora Vuela Compañía de Aviación Company 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.