Alberta Investment Management Corp Sells 157,144 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Alberta Investment Management Corp cut its stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 659,022 shares of the transportation company’s stock after selling 157,144 shares during the period. Alberta Investment Management Corp owned about 0.57% of Controladora Vuela Compañía de Aviación worth $4,903,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at $68,000. Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $92,000. MQS Management LLC bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $108,000. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $130,000. Finally, XTX Topco Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $212,000. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compañía de Aviación Trading Down 0.8 %

Shares of VLRS opened at $8.28 on Thursday. The business has a 50-day moving average of $8.12 and a 200 day moving average of $7.22. 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 $9.57. The firm has a market cap of $965.10 million, a P/E ratio of 4.99 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Wall Street Analysts Forecast Growth

VLRS has been the topic of a number of recent analyst reports. StockNews.com cut Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays reiterated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. UBS Group lifted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Itau BBA Securities initiated coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Buy” and a consensus price target of $13.14.

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.