Squarepoint Ops LLC Purchases 40,955 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Squarepoint Ops LLC raised its position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 207.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,709 shares of the transportation company’s stock after acquiring an additional 40,955 shares during the period. Squarepoint Ops LLC owned approximately 0.05% of Controladora Vuela Compañía de Aviación worth $386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors lifted its stake in Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after purchasing an additional 1,372,624 shares during the last quarter. BNP Paribas Financial Markets grew its position in Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 18,433 shares during the period. Par Capital Management Inc. boosted its stake in Controladora Vuela Compañía de Aviación by 3,928.4% during the 4th quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after purchasing an additional 2,150,263 shares during the last quarter. Insigneo Advisory Services LLC bought a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $64,000. Finally, American Century Companies Inc. grew its stake in shares of 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 worth $1,325,000 after acquiring an additional 5,461 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Trading Up 0.2 %

NYSE VLRS opened at $6.24 on Friday. The firm has a market capitalization of $727.57 million, a PE ratio of 6.43 and a beta of 2.46. 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, S.A.B. de C.V. has a twelve month low of $5.15 and a twelve month high of $9.67. The stock’s 50 day moving average is $6.00 and its 200 day moving average is $6.87.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The firm had revenue of $726.00 million for the quarter, compared to analysts’ expectations of $739.87 million. Research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VLRS shares. TD Cowen dropped their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $12.52.

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.