Segall Bryant & Hamill LLC Acquires Shares of 36,600 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Segall Bryant & Hamill LLC bought a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,600 shares of the transportation company’s stock, valued at approximately $272,000.

Several other hedge funds also recently made changes to their positions in VLRS. WCM Investment Management LLC grew its holdings in Controladora Vuela Compañía de Aviación by 13.3% in the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock worth $18,423,000 after acquiring an additional 291,252 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth about $2,106,000. American Century Companies Inc. grew its stake in shares of Controladora Vuela Compañía de Aviación by 7.0% in the fourth quarter. American Century Companies Inc. now owns 263,141 shares of the transportation company’s stock worth $1,958,000 after purchasing an additional 17,158 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Controladora Vuela Compañía de Aviación by 146.0% during the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock valued at $1,376,000 after purchasing an additional 109,776 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after purchasing an additional 51,580 shares during the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Trading Down 3.0 %

Shares of NYSE VLRS opened at $5.37 on Friday. 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 $9.57. 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 firm has a 50-day moving average of $7.08 and a 200 day moving average of $7.29. The stock has a market cap of $625.55 million, a P/E ratio of 3.23 and a beta of 2.48.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $835.00 million during the quarter, compared to the consensus estimate of $709.48 million. As a group, sell-side analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VLRS has been the topic of several research analyst reports. StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price objective for the company. Citigroup cut their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, UBS Group increased their price target 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.88.

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.