William Dean Donovan Sells 50,000 Shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the transaction, the director directly owned 3,046,050 shares in the company, valued at approximately $22,327,546.50. This represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Controladora Vuela Compania de Aviacion Trading Down 5.1%

NYSE:VLRS opened at $6.55 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The business’s 50 day moving average is $7.36 and its two-hundred day moving average is $8.04. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52 week low of $4.15 and a 52 week high of $10.80. The company has a market cap of $763.15 million, a PE ratio of -6.12 and a beta of 1.77.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The company had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. On average, analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VLRS. Public Employees Retirement System of Ohio bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $28,000. Savant Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter valued at about $77,000. R Squared Ltd bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $100,000. Engineers Gate Manager LP bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $137,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter valued at about $146,000. Institutional investors own 53.32% of the company’s stock.

Analyst Upgrades and Downgrades

VLRS has been the topic of several recent research reports. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target on the stock. in a report on Monday, April 13th. Barclays cut their price target on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.86.

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.