SouthState Corp Buys Shares of 29,000 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

SouthState Corp purchased a new stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 29,000 shares of the transportation company’s stock, valued at approximately $216,000.

A number of other large investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $68,000. Aigen Investment Management LP bought a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $92,000. MMA Asset Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth $112,000. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter worth $130,000. Finally, Raymond James Financial Inc. purchased a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter valued at $153,000. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compañía de Aviación Trading Up 0.5 %

Shares of VLRS stock opened at $5.56 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The stock has a fifty day simple moving average of $7.55 and a two-hundred day simple moving average of $7.33. The firm has a market capitalization of $647.94 million, a PE ratio of 3.35 and a beta of 2.48. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52-week low of $5.15 and a 52-week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $835.00 million for the quarter, compared to analysts’ expectations of $709.48 million. On average, analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VLRS. UBS Group raised their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price for the company. Citigroup decreased their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Moderate Buy” and an average price target of $12.88.

Controladora Vuela Compañía de Aviación Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.