Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 283,108 shares of the transportation company’s stock, valued at approximately $2,106,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.24% of Controladora Vuela Compañía de Aviación as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 9.0% in the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after acquiring an additional 3,135 shares during the last quarter. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth about $68,000. MMA Asset Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $112,000. Aigen Investment Management LP grew its stake in shares of Controladora Vuela Compañía de Aviación by 123.6% during the fourth quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company’s stock valued at $243,000 after buying an additional 18,056 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $130,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Trading Up 2.3 %

NYSE:VLRS opened at $5.67 on Wednesday. The firm has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $7.33. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a one year low of $5.15 and a one year high of $9.57. The firm has a market cap of $660.53 million, a P/E ratio of 3.41 and a beta of 2.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The business had revenue of $835.00 million during the quarter, compared to the consensus estimate of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. Equities analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group boosted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup reduced their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

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.