Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Large Volume Increase – Still a Buy?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) shares saw unusually-strong trading volume on Wednesday . Approximately 217,325 shares traded hands during mid-day trading, a decline of 66% from the previous session’s volume of 634,065 shares.The stock last traded at $7.61 and had previously closed at $7.58.

Analyst Ratings Changes

VLRS has been the topic of several recent research reports. Barclays restated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $12.85.

Controladora Vuela Compañía de Aviación Price Performance

The stock has a 50-day simple moving average of $7.10 and a 200 day simple moving average of $6.74. The company has a market cap of $894.32 million, a PE ratio of 4.62 and a beta of 2.43. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The company had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. During the same quarter in the prior year, the company posted ($0.33) earnings per share. Equities analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Controladora Vuela Compañía de Aviación by 2.7% during the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after acquiring an additional 5,461 shares during the period. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter worth $64,000. Squarepoint Ops LLC increased its holdings in Controladora Vuela Compañía de Aviación by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after purchasing an additional 40,955 shares during the period. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at about $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at about $1,338,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Company 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.