Controladora Vuela Compania de Aviacion (NYSE:VLRS) Posts Earnings Results, Misses Estimates By $0.14 EPS

Controladora Vuela Compania de Aviacion (NYSE:VLRS) posted its quarterly earnings results on Tuesday. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.97) by ($0.14), FiscalAI reports. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The company had revenue of $859.00 million during the quarter, compared to analyst estimates of $854.70 million.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of VLRS opened at $7.98 on Wednesday. The stock has a market capitalization of $930.12 million, a price-to-earnings ratio of -7.46 and a beta of 1.72. Controladora Vuela Compania de Aviacion has a 12 month low of $4.44 and a 12 month high of $10.80. The firm has a fifty day simple moving average of $8.05 and a 200 day simple moving average of $8.27. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90.

Insider Transactions at Controladora Vuela Compania de Aviacion

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were 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 $22,213,217. The trade was a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of Controladora Vuela Compania de Aviacion

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in Controladora Vuela Compania de Aviacion by 48.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after acquiring an additional 565,250 shares in the last quarter. Millennium Management LLC grew its stake in Controladora Vuela Compania de Aviacion by 126.5% in the fourth quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock valued at $8,796,000 after purchasing an additional 553,251 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $1,611,000. Walleye Capital LLC increased its position in shares of Controladora Vuela Compania de Aviacion by 100.6% during the 4th quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock worth $4,683,000 after purchasing an additional 264,446 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $2,129,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VLRS. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Friday. Barclays cut their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group lowered shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective on the stock. in a report on Monday, April 13th. 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 report on Thursday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a research note on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Controladora Vuela Compania de Aviacion presently has a consensus rating of “Hold” and a consensus target price of $8.87.

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.