Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd trimmed its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 51.3% in the second quarter, HoldingsChannel.com reports. The firm owned 892,895 shares of the transportation company’s stock after selling 939,214 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Controladora Vuela Compañía de Aviación were worth $5,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLRS. Benjamin F. Edwards & Company Inc. purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets raised its stake in shares of Controladora Vuela Compañía de Aviación by 74.5% during the fourth quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock worth $401,000 after purchasing an additional 18,247 shares during the last quarter. Jump Financial LLC raised its stake in shares of Controladora Vuela Compañía de Aviación by 74.3% during the fourth quarter. Jump Financial LLC now owns 70,700 shares of the transportation company’s stock worth $663,000 after purchasing an additional 30,143 shares during the last quarter. Janney Capital Management LLC raised its stake in shares of Controladora Vuela Compañía de Aviación by 79.7% during the fourth quarter. Janney Capital Management LLC now owns 48,554 shares of the transportation company’s stock worth $455,000 after purchasing an additional 21,528 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $169,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Up 5.5 %

Controladora Vuela Compañía de Aviación stock opened at $5.91 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a market capitalization of $689.09 million, a price-to-earnings ratio of 6.09 and a beta of 2.47. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a fifty-two week low of $5.15 and a fifty-two week high of $10.46. The stock’s fifty day moving average is $5.98 and its two-hundred day moving average is $7.02.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $726.00 million for the quarter, compared to analyst estimates of $739.87 million. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. Analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VLRS has been the subject of several analyst reports. Morgan Stanley initiated coverage on Controladora Vuela Compañía de Aviación in a research note on Friday, May 24th. They set an “overweight” rating and a $12.00 price target for the company. TD Cowen cut their price target on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Finally, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $12.52.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.