Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Stock Position Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 63.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,701 shares of the transportation company’s stock after selling 116,612 shares during the quarter. JPMorgan Chase & Co.’s holdings in Controladora Vuela Compañía de Aviación were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLRS. Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter worth approximately $92,000. MQS Management LLC bought a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth approximately $108,000. Quadrature Capital Ltd acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $130,000. Inspire Advisors LLC raised its holdings in shares of Controladora Vuela Compañía de Aviación by 25.4% during the 3rd 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 in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE VLRS opened at $8.71 on Thursday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12 month low of $5.15 and a 12 month high of $9.57. The company has a market cap of $1.02 billion, a P/E ratio of 5.25 and a beta of 2.42. The business’s 50 day moving average is $8.08 and its two-hundred day moving average is $7.03. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Wall Street Analyst Weigh In

Several equities analysts have commented on VLRS shares. TD Cowen increased their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com lowered Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group boosted their target price 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. Barclays reiterated an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and a consensus target price of $13.33.

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.