Controladora Vuela Compania de Aviacion (NYSE:VLRS) Announces Earnings Results

Controladora Vuela Compania de Aviacion (NYSE:VLRS) announced its quarterly earnings data on Tuesday. The transportation company reported ($1.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.97) by ($0.14), FiscalAI reports. The firm had revenue of $859.00 million during the quarter, compared to the consensus estimate of $855.28 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%.

Controladora Vuela Compania de Aviacion Stock Up 2.7%

Shares of NYSE VLRS traded up $0.21 during mid-day trading on Tuesday, hitting $7.98. The company had a trading volume of 1,010,196 shares, compared to its average volume of 704,597. 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 50-day simple moving average of $8.03 and a two-hundred day simple moving average of $8.28. The company has a market capitalization of $930.12 million, a PE ratio of -7.46 and a beta of 1.72. Controladora Vuela Compania de Aviacion has a one year low of $4.44 and a one year high of $10.80.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the transaction, the director directly owned 2,946,050 shares in the company, valued at approximately $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Controladora Vuela Compania de Aviacion

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $28,000. Engineers Gate Manager LP acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $137,000. Aquatic Capital Management LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the third quarter worth approximately $146,000. HRT Financial LP bought a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth $168,000. Finally, Shay Capital LLC bought a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter worth $214,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on VLRS shares. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a research note on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, June 12th. The Goldman Sachs Group cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price on the stock. in a report on Monday, April 13th. Jefferies Financial Group started coverage on Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They set a “hold” rating and a $10.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Friday. Five 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 MarketBeat, the company has an average rating of “Hold” and an average price target 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.