Weiss Multi Strategy Advisers LLC Takes Position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Weiss Multi Strategy Advisers LLC acquired a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 180,000 shares of the transportation company’s stock, valued at approximately $2,509,000. Weiss Multi Strategy Advisers LLC owned 0.18% of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. increased its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 14.6% in the first quarter. Hodges Capital Management Inc. now owns 2,958,160 shares of the transportation company’s stock worth $41,237,000 after buying an additional 377,360 shares in the last quarter. Baltimore Capital Management Inc. bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth $3,314,000. Wellington Management Group LLP boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 129.5% in the first quarter. Wellington Management Group LLP now owns 371,859 shares of the transportation company’s stock worth $5,184,000 after buying an additional 209,853 shares during the last quarter. Boston Partners bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth $2,878,000. Finally, United Capital Financial Advisers LLC acquired a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the fourth quarter worth approximately $2,679,000.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) traded up 3.21% during mid-day trading on Friday, reaching $15.74. The company had a trading volume of 371,312 shares. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $11.33 and a 12 month high of $20.03. The firm’s 50 day moving average price is $13.82 and its 200-day moving average price is $13.70. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.52 and a beta of 0.01.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its quarterly earnings results on Thursday, April 20th. The transportation company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.47. The business had revenue of $301 million for the quarter. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a net margin of 6.18% and a return on equity of 14.76%.

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A number of research analysts recently commented on the company. Imperial Capital started coverage on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a report on Thursday, June 29th. They issued an “outperform” rating and a $18.00 price target on the stock. Zacks Investment Research raised Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Deutsche Bank AG downgraded Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $14.00 in a research report on Thursday, April 20th. Barclays PLC set a $17.00 price objective on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and gave the company a “buy” rating in a research report on Monday, April 10th. Finally, HSBC Holdings plc upgraded Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “reduce” rating to a “hold” rating in a report on Wednesday, April 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.25.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Company Profile

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights.

Institutional Ownership by Quarter for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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