Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 63.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,701 shares of the transportation company’s stock after selling 116,612 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Controladora Vuela Compañía de Aviación worth $429,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VLRS. Perpetual Ltd boosted 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 acquiring 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 second quarter worth $1,338,000. BNP Paribas Financial Markets grew its holdings 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 valued at $533,000 after purchasing an additional 51,580 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at $408,000. Finally, Squarepoint Ops LLC increased its stake 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 worth $386,000 after buying an additional 40,955 shares during the period. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen increased their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. UBS Group raised their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on 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 report on Thursday, October 24th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $13.33.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE:VLRS opened at $8.71 on Thursday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 5.25 and a beta of 2.42. 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, S.A.B. de C.V. has a 12 month low of $5.15 and a 12 month high of $9.57. The stock’s 50 day moving average price is $8.08 and its 200 day moving average price is $7.03.

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.