Acuitas Investments LLC Has $925,000 Stock Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Acuitas Investments LLC decreased its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 11.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 145,400 shares of the transportation company’s stock after selling 18,200 shares during the period. Acuitas Investments LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $925,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VLRS. EverSource Wealth Advisors LLC grew its stake in Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after buying an additional 3,324 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $43,000. Renaissance Group LLC grew its stake in Controladora Vuela Compañía de Aviación by 7.4% in the 4th quarter. Renaissance Group LLC now owns 238,810 shares of the transportation company’s stock valued at $2,240,000 after buying an additional 16,433 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $169,000. Finally, BNP Paribas Financial Markets grew its stake in Controladora Vuela Compañía de Aviación by 74.5% in the 4th quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock valued at $401,000 after buying an additional 18,247 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Controladora Vuela Compañía de Aviación Price Performance

Shares of Controladora Vuela Compañía de Aviación stock opened at $5.91 on Friday. The firm has a fifty day moving average price of $5.98 and a two-hundred day moving average price of $7.02. The company has a market cap of $689.09 million, a PE 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 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 (NYSE:VLRS) last released its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $726.00 million during the quarter, compared to the consensus estimate of $739.87 million. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. Analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.86 EPS for the current year.

Controladora Vuela Compañía de Aviación Company Profile

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.