Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Down 4.7% – Here’s What Happened

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) dropped 4.7% during trading on Thursday . The stock traded as low as $6.08 and last traded at $6.10. Approximately 83,868 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 587,106 shares. The stock had previously closed at $6.40.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VLRS shares. TD Cowen decreased their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has an average rating of “Buy” and a consensus target price of $12.52.

Controladora Vuela Compañía de Aviación Trading Up 2.3 %

The company has a 50 day moving average price of $5.99 and a 200 day moving average price of $6.88. 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 firm has a market cap of $726.42 million, a price-to-earnings ratio of 6.42 and a beta of 2.46.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The company had revenue of $726.00 million for the quarter, compared to analysts’ expectations of $739.87 million. On average, research analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth $64,000. Confluence Investment Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 1st quarter valued at $211,000. Squarepoint Ops LLC lifted its stake 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 acquiring an additional 40,955 shares in the last quarter. AQR Capital Management LLC purchased a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $408,000. Finally, BNP Paribas Financial Markets grew its position in Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 18,433 shares in the last quarter. 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.