Stifel Financial Corp Reduces Stock Holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Stifel Financial Corp decreased its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 32,956 shares of the transportation company’s stock after selling 5,136 shares during the period. Stifel Financial Corp’s holdings in Controladora Vuela Compañía de Aviación were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares during the period. R Squared Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at $68,000. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at $79,000. Sei Investments Co. bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at $79,000. Finally, MMA Asset Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at $112,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Up 1.4%

VLRS stock opened at $4.34 on Thursday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $3.49 and a twelve month high of $9.00. 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 stock has a market cap of $506.04 million, a P/E ratio of 2.61 and a beta of 2.06. The business’s 50-day moving average price is $4.79 and its 200-day moving average price is $6.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $678.00 million for the quarter, compared to analysts’ expectations of $708.83 million. On average, equities research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VLRS shares. Barclays downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $12.00 to $4.50 in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price target on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Morgan Stanley downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 price target for the company. in a report on Tuesday, April 29th. TD Cowen reduced their price target on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.41.

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.