Weiss Multi Strategy Advisers LLC Invests $2.51 Million in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS)

Weiss Multi Strategy Advisers LLC purchased a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 180,000 shares of the transportation company’s stock, valued at approximately $2,509,000. Weiss Multi Strategy Advisers LLC owned about 0.18% of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VLRS. Atria Investments LLC bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth approximately $152,000. Citadel Advisors LLC bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth approximately $171,000. Pacad Investment Ltd. boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 258.8% in the fourth quarter. Pacad Investment Ltd. now owns 12,200 shares of the transportation company’s stock worth $183,000 after buying an additional 8,800 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth approximately $195,000. Finally, Marshall Wace North America L.P. bought a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth approximately $195,000.

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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE VLRS) traded up 0.42% during midday trading on Monday, hitting $14.34. 299,483 shares of the stock were exchanged. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 1-year low of $11.33 and a 1-year high of $20.03. The firm has a 50-day moving average of $13.43 and a 200-day moving average of $13.71. The company has a market capitalization of $1.45 billion, a P/E ratio of 17.28 and a beta of 0.02.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its earnings results on Thursday, April 20th. The transportation company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.47. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a return on equity of 14.76% and a net margin of 6.18%. The business had revenue of $301 million for the quarter. On average, equities analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post $0.01 EPS for the current year.

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A number of research firms have commented on VLRS. Barclays PLC set a $17.00 price target on shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and gave the stock a “buy” rating in a research note on Monday, April 10th. Zacks Investment Research cut shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 22nd. Citigroup Inc. cut shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research note on Thursday, February 23rd. Morgan Stanley cut shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and set a $14.50 price target for the company. in a research note on Tuesday, February 21st. Finally, Deutsche Bank AG cut shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating and cut their price target for the stock from $17.00 to $14.00 in a research note on Thursday, April 20th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has an average rating of “Hold” and an average target price of $15.90.

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

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.

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