Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,957 shares of the transportation company’s stock after selling 6,930 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Controladora Vuela Compañía de Aviación were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VLRS. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $108,000. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $92,000. Inspire Advisors LLC increased its stake in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after buying an additional 4,856 shares during the period. Perpetual Ltd lifted its holdings in 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 worth $2,829,000 after buying an additional 105,570 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter worth $1,338,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLRS has been the topic of a number of analyst reports. TD Cowen lifted their target price 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. Barclays restated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and an average target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Up 0.4 %

Shares of Controladora Vuela Compañía de Aviación stock opened at $7.70 on Monday. The business has a 50-day moving average price of $7.12 and a 200 day moving average price of $6.71. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The firm has a market cap of $897.82 million, a P/E ratio of 4.64 and a beta of 2.43. 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 issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same period in the previous year, the business earned ($0.33) EPS. On average, sell-side analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 earnings per share for the current fiscal 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.