Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Short Interest Update

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 885,192 shares, a decrease of 56.3% from the July 15th total of 2,024,544 shares. Based on an average daily volume of 577,692 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VLRS shares. Jefferies Financial Group assumed coverage on Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price on the stock. Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 31st. UBS Group boosted their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Barclays lowered their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective on the stock. in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.42.

Controladora Vuela Compania de Aviacion Price Performance

NYSE VLRS traded down $0.13 during trading hours on Friday, reaching $7.89. The company’s stock had a trading volume of 840,609 shares, compared to its average volume of 580,903. The firm has a market capitalization of $919.97 million, a price-to-earnings ratio of -4.81 and a beta of 1.72. The company’s 50-day moving average is $8.32 and its two-hundred day moving average is $8.12. The company has a debt-to-equity ratio of 6.78, a current ratio of 0.64 and a quick ratio of 0.64. Controladora Vuela Compania de Aviacion has a 1-year low of $5.70 and a 1-year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported ($1.11) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The business had revenue of $859.00 million during the quarter, compared to analyst estimates of $854.70 million. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. On average, equities analysts predict that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

Insiders Place Their Bets

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total transaction of $377,000.00. Following the sale, the director directly owned 2,946,050 shares of the company’s stock, valued at approximately $22,213,217. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Controladora Vuela Compania de Aviacion by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 5,053,229 shares of the transportation company’s stock worth $44,873,000 after purchasing an additional 128,088 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Controladora Vuela Compania de Aviacion by 48.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after buying an additional 565,250 shares in the last quarter. Thomist Capital Management LP lifted its stake in Controladora Vuela Compania de Aviacion by 3.9% in the 4th quarter. Thomist Capital Management LP now owns 1,009,652 shares of the transportation company’s stock valued at $8,916,000 after buying an additional 37,457 shares in the last quarter. Millennium Management LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 126.5% in the 4th quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock worth $8,796,000 after buying an additional 553,251 shares during the last quarter. Finally, Fourth Sail Capital LP boosted its holdings in Controladora Vuela Compania de Aviacion by 0.4% in the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after buying an additional 3,277 shares during the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

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.