Perpetual Ltd Sells 118,073 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Perpetual Ltd trimmed its position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 328,885 shares of the transportation company’s stock after selling 118,073 shares during the period. Perpetual Ltd owned about 0.28% of Controladora Vuela Compañía de Aviación worth $2,447,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in VLRS. Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth about $64,000. Aigen Investment Management LP acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $92,000. MQS Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth approximately $108,000. Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $130,000. Finally, Inspire Advisors LLC boosted its stake in Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 4,856 shares during the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLRS has been the topic of a number of analyst reports. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. UBS Group lifted their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. TD Cowen increased their target price on shares of 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. Finally, Barclays reissued an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Buy” and a consensus target price of $13.01.

Controladora Vuela Compañía de Aviación Trading Up 6.1 %

Shares of NYSE:VLRS opened at $8.75 on Wednesday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 5.27 and a beta of 2.42. 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 $9.57. The company’s fifty day simple moving average is $7.99 and its 200 day simple moving average is $6.93. 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 (NYSE:VLRS) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. The firm had revenue of $813.00 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.33) EPS. As a group, research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current fiscal 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.