Millennium Management LLC Sells 518,557 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Millennium Management LLC trimmed its position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 55.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,279 shares of the transportation company’s stock after selling 518,557 shares during the period. Millennium Management LLC owned 0.35% of Controladora Vuela Compañía de Aviación worth $2,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VLRS. Insigneo Advisory Services LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $64,000. Confluence Investment Management LLC bought a new stake in Controladora Vuela Compañía de Aviación during the 1st quarter valued at about $211,000. Squarepoint Ops LLC lifted its holdings in Controladora Vuela Compañía de Aviación by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after buying an additional 40,955 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at about $408,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 in the last quarter. 53.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VLRS has been the topic of several research analyst reports. 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 report on Wednesday, July 17th. StockNews.com raised shares of 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $12.52.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE VLRS opened at $6.66 on Wednesday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1 year low of $5.15 and a 1 year high of $9.67. The company has a market capitalization of $776.54 million, a PE ratio of 6.87 and a beta of 2.46. The company has a fifty day moving average of $6.06 and a two-hundred day moving average of $6.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share (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 company had revenue of $726.00 million during the quarter, compared to analysts’ expectations of $739.87 million. As a group, analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share 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.