Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Down 5.1% – Here’s Why

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

Analyst Ratings Changes

Several research firms have recently weighed in on VLRS. TD Cowen boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. UBS Group raised their target price on shares of 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, StockNews.com lowered Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Controladora Vuela Compañía de Aviación has an average rating of “Buy” and a consensus target price of $13.33.

Controladora Vuela Compañía de Aviación Price Performance

The firm has a market capitalization of $918.23 million, a P/E ratio of 4.74 and a beta of 2.45. The stock’s 50 day simple moving average is $8.14 and its 200 day simple moving average is $7.10. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC boosted its position in Controladora Vuela Compañía de Aviación by 13.3% during the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after acquiring an additional 291,252 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at about $1,338,000. Perpetual Ltd grew its stake in Controladora Vuela Compañía de Aviación by 30.9% in the third 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. AQR Capital Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the second quarter worth about $408,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after buying an additional 51,580 shares during the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.