Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Purchased by Acuitas Investments LLC

Acuitas Investments LLC lifted its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 173.4% during the fourth quarter, Holdings Channel reports. The fund owned 91,300 shares of the transportation company’s stock after buying an additional 57,900 shares during the quarter. Acuitas Investments LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd lifted its holdings in Controladora Vuela Compañía de Aviación by 2,264.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock valued at $8,998,000 after purchasing an additional 918,776 shares in the last quarter. WCM Investment Management LLC lifted its holdings in Controladora Vuela Compañía de Aviación by 51.4% during the fourth quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after purchasing an additional 570,449 shares in the last quarter. Fiera Capital Corp purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at $3,764,000. Moneda S.A. Administradora General de Fondos lifted its holdings in Controladora Vuela Compañía de Aviación by 74.9% during the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after purchasing an additional 444,082 shares in the last quarter. Finally, Ancient Art L.P. purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at $2,799,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Trading Down 3.8 %

Controladora Vuela Compañía de Aviación stock traded down $0.33 during midday trading on Friday, hitting $8.45. 162,775 shares of the stock were exchanged, compared to its average volume of 510,941. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a fifty-two week low of $5.52 and a fifty-two week high of $15.05. The stock has a market capitalization of $741.83 million, a price-to-earnings ratio of 9.05 and a beta of 2.55. The stock’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $7.60. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, February 26th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 54.44%. The firm had revenue of $899.00 million during the quarter, compared to analysts’ expectations of $882.80 million. During the same period last year, the business earned $0.24 earnings per share. On average, equities analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

VLRS has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a report on Friday, January 26th. TD Cowen decreased their price target on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Barclays raised their price target on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $14.02.

Controladora Vuela Compañía de Aviación 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.