Controladora Vuela Compania de Aviacion (NYSE:VLRS) Trading Down 5.1% – Here’s Why

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) were down 5.1% during mid-day trading on Thursday . The stock traded as low as $8.66 and last traded at $8.7290. Approximately 5,818 shares traded hands during trading, a decline of 99% from the average daily volume of 559,111 shares. The stock had previously closed at $9.20.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price target (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Evercore ISI boosted their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, October 8th. Finally, Bank of America raised their price target on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and a consensus price target of $9.22.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -16.13 and a beta of 1.89. The stock’s 50 day moving average is $8.00 and its two-hundred day moving average is $6.74.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The business had revenue of $784.00 million during the quarter, compared to analysts’ expectations of $783.85 million. Analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VLRS. Inspire Investing LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth approximately $55,000. Savant Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion during the 3rd quarter worth $77,000. Inspire Advisors LLC lifted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after acquiring an additional 7,929 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at about $146,000. Finally, Shay Capital LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $214,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

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.