By otakuyassine3@gmail.com 
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS – Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 491,500 shares, a decrease of 49.4% from the November 30th total of 971,000 shares. Based on an average daily volume of 746,800 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.
Analysts Set New Price Targets
VLRS has been the subject of a number of analyst reports. TD Cowen boosted their price objective on 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. JPMorgan Chase & Co. lifted their price target 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. Finally, Barclays reissued an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Controladora Vuela Compañía de Aviación presently has an average rating of “Buy” and an average price target of $12.85.
Get Our Latest Stock Report on Controladora Vuela Compañía de Aviación
Controladora Vuela Compañía de Aviación Stock Performance
VLRS traded down $0.20 during trading on Friday, hitting $7.56. 34,284 shares of the stock were exchanged, compared to its average volume of 624,516. 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 has a 1-year low of $5.15 and a 1-year high of $9.67. The stock has a fifty day moving average price of $7.79 and a two-hundred day moving average price of $6.77. The firm has a market capitalization of $881.48 million, a P/E ratio of 4.55 and a beta of 2.42.
Controladora Vuela Compañía de Aviación (NYSE:VLRS – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. As a group, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current year.
Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación
Institutional investors have recently added to or reduced their stakes in the stock. Perpetual Ltd grew its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% in the 3rd 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. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $1,338,000. American Century Companies Inc. increased its stake in Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after buying an additional 5,461 shares during the period. BNP Paribas Financial Markets raised its position in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after buying an additional 51,580 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth $408,000. 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.
See Also
Receive News & Ratings for Controladora Vuela Compañía de Aviación Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Controladora Vuela Compañía de Aviación and related companies with MarketBeat.com’s FREE daily email newsletter.