State of Wyoming Makes New Investment in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $VLRS

State of Wyoming purchased a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 58,092 shares of the transportation company’s stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Inspire Investing LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $55,000. Inspire Advisors LLC raised its position in Controladora Vuela Compania de Aviacion by 44.7% in the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after purchasing an additional 7,929 shares in the last quarter. Shay Capital LLC bought a new position in Controladora Vuela Compania de Aviacion during the second quarter worth about $214,000. Janney Capital Management LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 74.8% during the third quarter. Janney Capital Management LLC now owns 64,280 shares of the transportation company’s stock valued at $462,000 after purchasing an additional 27,504 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the third quarter valued at approximately $490,000. 53.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 14th. Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Bank of America increased their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Barclays raised shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $9.00 to $11.00 in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Controladora Vuela Compania de Aviacion currently has a consensus rating of “Moderate Buy” and an average price target of $9.22.

Controladora Vuela Compania de Aviacion Price Performance

NYSE:VLRS opened at $10.22 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12-month low of $3.49 and a 12-month high of $10.58. The stock’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $7.20.

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.