Pendal Group Ltd Boosts Stock Position in Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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Pendal Group Ltd raised its position in shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 297,562 shares of the transportation company’s stock after purchasing an additional 34,532 shares during the quarter. Pendal Group Ltd owned 0.29% of Controladora Vuela Co Avcn SA CV worth $2,791,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VLRS. Dimensional Fund Advisors LP lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 778,334 shares of the transportation company’s stock valued at $4,165,000 after buying an additional 2,215 shares during the period. Millennium Management LLC lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 124.0% in the 4th quarter. Millennium Management LLC now owns 272,013 shares of the transportation company’s stock valued at $1,455,000 after buying an additional 150,559 shares during the period. Brighton Jones LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV in the 1st quarter valued at about $1,299,000. Northern Trust Corp acquired a new position in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter valued at about $654,000. Finally, Deutsche Bank AG lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 56,950.0% in the 4th quarter. Deutsche Bank AG now owns 114,100 shares of the transportation company’s stock valued at $610,000 after buying an additional 113,900 shares during the period.

Several equities analysts have recently issued reports on the company. UBS Group raised Controladora Vuela Co Avcn SA CV from a “neutral” rating to a “buy” rating in a report on Tuesday, June 18th. Zacks Investment Research raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, July 5th. Imperial Capital reaffirmed an “outperform” rating and issued a $13.00 price target (up previously from $11.50) on shares of Controladora Vuela Co Avcn SA CV in a report on Friday, May 3rd. Barclays raised Controladora Vuela Co Avcn SA CV from an “equal weight” rating to an “overweight” rating in a report on Monday, July 29th. Finally, Citigroup set a $12.00 price target on Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $10.55.

NYSE VLRS traded down $0.25 during trading hours on Thursday, reaching $8.46. The company’s stock had a trading volume of 6,122 shares, compared to its average volume of 361,455. The stock has a market capitalization of $927.89 million, a price-to-earnings ratio of -24.34 and a beta of 1.20. Controladora Vuela Co Avcn SA CV has a 1-year low of $5.15 and a 1-year high of $10.99. The company has a debt-to-equity ratio of 8.46, a current ratio of 0.71 and a quick ratio of 0.69. The firm has a 50-day moving average price of $9.71.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its earnings results on Thursday, July 25th. The transportation company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. Controladora Vuela Co Avcn SA CV had a return on equity of 15.86% and a net margin of 3.32%. The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $412.00 million. As a group, sell-side analysts expect that Controladora Vuela Co Avcn SA CV will post 0.9 earnings per share for the current fiscal year.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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Institutional Ownership by Quarter for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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