Janney Montgomery Scott LLC Invests $470,000 in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

Janney Montgomery Scott LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) in the first quarter, Holdings Channel reports. The fund purchased 64,901 shares of the transportation company’s stock, valued at approximately $470,000.

Several other large investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its stake in shares of Controladora Vuela Compania de Aviacion by 48.9% in the third 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 period. Millennium Management LLC grew its position in 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 period. Jump Financial LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 2nd quarter worth about $1,611,000. Walleye Capital LLC raised its stake in shares of Controladora Vuela Compania de Aviacion by 100.6% during the 4th 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 last quarter. Finally, Barclays PLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $2,129,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Price Performance

NYSE:VLRS opened at $8.03 on Thursday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $4.40 and a 12 month high of $10.80. The stock has a 50 day moving average of $8.03 and a two-hundred day moving average of $8.31. 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 firm has a market cap of $935.72 million, a P/E ratio of -7.50 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The firm had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. On average, analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.29 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William Dean Donovan sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares of the company’s stock, valued at $22,213,217. This represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VLRS shares. 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. The Goldman Sachs Group cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target for the company. in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased their price target on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a report on Friday, June 12th. Jefferies Financial Group initiated coverage on Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They issued a “hold” rating and a $10.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.87.

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.