Controladora Vuela Compañía de Aviación (NYSE:VLRS) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a buy rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

VLRS has been the subject of several other research reports. Credit Suisse Group assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Tuesday, August 31st. They issued a neutral rating and a $22.00 target price for the company. TheStreet raised shares of Controladora Vuela Compañía de Aviación from a d+ rating to a c rating in a research report on Friday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Controladora Vuela Compañía de Aviación from $25.00 to $30.00 and gave the stock a buy rating in a research report on Monday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and an average target price of $26.30.

Shares of VLRS stock opened at $15.40 on Wednesday. Controladora Vuela Compañía de Aviación has a 12 month low of $10.32 and a 12 month high of $23.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.66 and a quick ratio of 0.65. The firm has a market capitalization of $1.66 billion, a P/E ratio of 10.77 and a beta of 2.58. The company’s fifty day moving average price is $19.59 and its two-hundred day moving average price is $19.53.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Controladora Vuela Compañía de Aviación by 11.4% during the 3rd quarter. BlackRock Inc. now owns 11,595 shares of the transportation company’s stock valued at $253,000 after buying an additional 1,188 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $31,000. Renaissance Group LLC grew its position in shares of Controladora Vuela Compañía de Aviación by 6.1% during the 3rd quarter. Renaissance Group LLC now owns 48,165 shares of the transportation company’s stock valued at $1,050,000 after buying an additional 2,782 shares during the last quarter. Privium Fund Management UK Ltd grew its position in shares of Controladora Vuela Compañía de Aviación by 10.9% during the 3rd quarter. Privium Fund Management UK Ltd now owns 38,673 shares of the transportation company’s stock valued at $843,000 after buying an additional 3,809 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $76,000. 49.91% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación SAB de CV is a holding company, which engages in the provision of air transportation and related services. It also offers cargo services. The company was founded by Roberto Jose Kriete Avila and Carlos Mendoza Valencia on October 27, 2005 and is headquartered in Mexico City.

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