Jane Street Group LLC Lowers Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Jane Street Group LLC lessened its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 51.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,706 shares of the transportation company’s stock after selling 25,093 shares during the period. Jane Street Group LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $150,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Stifel Financial Corp raised its stake in shares of Controladora Vuela Compañía de Aviación by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after buying an additional 3,135 shares during the period. Perpetual Ltd raised its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% during 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 during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $1,338,000. BNP Paribas Financial Markets raised its stake in shares of 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 period. Finally, Centiva Capital LP acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $320,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Up 1.4 %

NYSE VLRS opened at $8.23 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The business has a fifty day moving average price of $7.90 and a 200 day moving average price of $6.86. The company has a market cap of $959.60 million, a P/E ratio of 4.96 and a beta of 2.42. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a one year low of $5.15 and a one year high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations 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 prior year, the business earned ($0.33) EPS. Research analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VLRS has been the subject of several research analyst reports. Barclays reaffirmed an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. TD Cowen upped 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 note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, UBS Group increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Controladora Vuela Compañía de Aviación presently has an average rating of “Buy” and an average target price of $13.01.

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.