Bank of New York Mellon Corp lowered its position in Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) by 35.0% during the second quarter, Holdings Channel reports. The institutional investor owned 339,557 shares of the company’s stock after selling 183,045 shares during the period. Bank of New York Mellon Corp owned approximately 0.34% of Controladora Vuela Compania de Aviacion SAB. de CV worth $6,345,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VLRS. Huntington National Bank acquired a new stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV during the second quarter worth about $138,000. Capital Fund Management S.A. acquired a new stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV during the second quarter worth about $1,476,000. Acadian Asset Management LLC raised its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 10.5% in the second quarter. Acadian Asset Management LLC now owns 2,369,047 shares of the company’s stock worth $44,280,000 after buying an additional 224,836 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 4.8% in the second quarter. Fulton Bank N.A. now owns 24,181 shares of the company’s stock worth $451,000 after buying an additional 1,102 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 4.6% in the first quarter. Barclays PLC now owns 205,220 shares of the company’s stock worth $4,310,000 after buying an additional 8,990 shares in the last quarter.

Shares of Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) traded up 0.29% on Wednesday, hitting $17.19. The stock had a trading volume of 146,297 shares. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 9.94 and a beta of 0.44. Controladora Vuela Compania de Aviacion SAB. de CV has a 12-month low of $14.26 and a 12-month high of $21.90. The stock has a 50 day moving average of $18.02 and a 200 day moving average of $19.21.

Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.21. Controladora Vuela Compania de Aviacion SAB. de CV had a return on equity of 46.00% and a net margin of 16.21%. Equities analysts predict that Controladora Vuela Compania de Aviacion SAB. de CV will post $1.64 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on VLRS. Morgan Stanley raised Controladora Vuela Compania de Aviacion SAB. de CV from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $22.10 to $23.00 in a research note on Thursday, September 8th. Zacks Investment Research raised Controladora Vuela Compania de Aviacion SAB. de CV from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.60.

About Controladora Vuela Compania de Aviacion SAB. de CV

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights.

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