WCM Investment Management LLC Increases Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

WCM Investment Management LLC increased its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,479,591 shares of the transportation company’s stock after acquiring an additional 291,252 shares during the quarter. WCM Investment Management LLC owned approximately 2.13% of Controladora Vuela Compañía de Aviación worth $18,423,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth $68,000. Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $92,000. MQS Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth about $108,000. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $130,000. Finally, Inspire Advisors LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS opened at $7.94 on Friday. The business’s fifty day moving average price is $8.16 and its two-hundred day moving average price is $7.12. The firm has a market capitalization of $925.80 million, a PE ratio of 4.78 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1-year low of $5.15 and a 1-year high of $9.57.

Analysts Set New Price Targets

Several analysts recently weighed in on VLRS shares. StockNews.com lowered Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. TD Cowen upped their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. UBS Group increased their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Barclays restated an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.33.

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.