Primecap Management Co. CA Cuts Stock Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Primecap Management Co. CA cut its position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,000 shares of the transportation company’s stock after selling 11,700 shares during the period. Primecap Management Co. CA’s holdings in Controladora Vuela Compañía de Aviación were worth $305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Controladora Vuela Compañía de Aviación by 157.9% in the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after acquiring an additional 51,580 shares during the period. Centiva Capital LP acquired a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter worth about $320,000. Quadrature Capital Ltd purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter worth approximately $130,000. Stifel Financial Corp grew its holdings in Controladora Vuela Compañía de Aviación by 9.0% in the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 3,135 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Up 0.3 %

Shares of NYSE VLRS opened at $5.69 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $7.46 and a 200 day moving average of $7.31. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12-month low of $5.15 and a 12-month high of $9.57. The stock has a market cap of $662.98 million, a PE ratio of 3.43 and a beta of 2.48.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VLRS. Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Citigroup decreased 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compañía de Aviación currently has an average rating of “Moderate Buy” and a consensus 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.