Controladora Vuela Compania de Aviacion (NYSE:VLRS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a sell rating to a hold rating in a research note published on Sunday,Wall Street Zen reports.

Several other analysts have also weighed in on VLRS. Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. UBS Group raised their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Thursday. Finally, The Goldman Sachs Group lowered their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Controladora Vuela Compania de Aviacion currently has a consensus rating of “Hold” and an average price target of $9.40.

Controladora Vuela Compania de Aviacion Trading Down 0.2%

Shares of VLRS opened at $6.40 on Friday. The stock has a market cap of $746.23 million, a PE ratio of -3.33 and a beta of 1.81. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 10.31. Controladora Vuela Compania de Aviacion has a 52-week low of $5.45 and a 52-week high of $10.80. The firm’s fifty day moving average is $6.42 and its two-hundred day moving average is $7.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Monday, October 26th. The transportation company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19). Controladora Vuela Compania de Aviacion had a negative net margin of 6.20% and a negative return on equity of 151.52%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $982.29 million. Research analysts forecast that Controladora Vuela Compania de Aviacion will post -2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 5.6% in the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock worth $212,000 after purchasing an additional 1,710 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth $653,000. FNY Investment Advisers LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at approximately $187,000. GAMMA Investing LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 238.7% during the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $1,103,000. Institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.