Raymond James Financial Inc. Takes $153,000 Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Raymond James Financial Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 20,607 shares of the transportation company’s stock, valued at approximately $153,000.

Several other hedge funds have also recently made changes to their positions in the business. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth about $68,000. WCM Investment Management LLC grew its stake in shares of Controladora Vuela Compañía de Aviación by 13.3% during the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after buying an additional 291,252 shares during the last quarter. MMA Asset Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $112,000. Victory Capital Management Inc. grew its stake in shares of Controladora Vuela Compañía de Aviación by 146.0% during the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock valued at $1,376,000 after buying an additional 109,776 shares during the last quarter. Finally, Aigen Investment Management LP grew its stake in shares of Controladora Vuela Compañía de Aviación by 123.6% during the fourth quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company’s stock valued at $243,000 after buying an additional 18,056 shares during the last quarter. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLRS has been the topic of a number of analyst reports. Morgan Stanley cut Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 target price on the stock. in a research note on Tuesday, April 29th. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Citigroup cut their target price on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Barclays cut Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.41.

Controladora Vuela Compañía de Aviación Stock Up 4.1%

Shares of NYSE:VLRS opened at $4.30 on Wednesday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52-week low of $3.49 and a 52-week high of $9.00. The stock has a market cap of $501.37 million, a P/E ratio of 2.59 and a beta of 2.06. The business’s 50 day moving average is $4.83 and its 200 day moving average is $6.80. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $678.00 million for the quarter, compared to analysts’ expectations of $708.83 million. Sell-side analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

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.