Controladora Vuela Compania de Aviacion (NYSE:VLRS) Posts Earnings Results, Misses Expectations By $0.21 EPS

Controladora Vuela Compania de Aviacion (NYSE:VLRS) announced its earnings results on Tuesday. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.21), FiscalAI reports. The business had revenue of $882.00 million for the quarter, compared to analyst estimates of $845.68 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 37.54% and a negative net margin of 3.42%.

Controladora Vuela Compania de Aviacion Stock Down 6.3%

Shares of NYSE VLRS opened at $8.90 on Thursday. Controladora Vuela Compania de Aviacion has a twelve month low of $3.49 and a twelve month high of $10.80. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73. The stock has a fifty day simple moving average of $9.51 and a 200-day simple moving average of $7.67.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

A number of hedge funds and other institutional investors have recently bought and sold shares of VLRS. American Century Companies Inc. increased its stake in Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after purchasing an additional 7,626 shares during the period. Jump Financial LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $1,611,000. Shay Capital LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $214,000. Arrowstreet Capital Limited Partnership increased its stake in Controladora Vuela Compania de Aviacion by 48.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after buying an additional 565,250 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 127.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 58,177 shares of the transportation company’s stock worth $418,000 after buying an additional 32,596 shares in the last quarter. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Barclays raised their target price on Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 price target (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 14th. Bank of America upped their price objective on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.02.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.