Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Down 5.1% – Should You Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s stock price traded down 5.1% during mid-day trading on Wednesday . The company traded as low as $7.95 and last traded at $7.91. 378,265 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 538,599 shares. The stock had previously closed at $8.33.

Analyst Ratings Changes

VLRS has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of 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. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays reiterated an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. TD Cowen raised their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, UBS Group upped their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $13.33.

Controladora Vuela Compañía de Aviación Stock Up 1.3 %

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $925.80 million, a PE ratio of 4.78 and a beta of 2.45. The business has a 50-day moving average price of $8.15 and a 200-day moving average price of $7.11.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC lifted its position in Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after buying an additional 40,955 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $408,000. Perpetual Ltd increased its holdings in Controladora Vuela Compañía de Aviación by 30.9% in the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after purchasing an additional 105,570 shares during the last quarter. Inspire Advisors LLC raised its position in Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 4,856 shares during the period. Finally, Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $92,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

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.