Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Down 10% Following Weak Earnings

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) fell 10% on Monday after the company announced weaker than expected quarterly earnings. The company traded as low as $6.82 and last traded at $6.99. 362,319 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 550,145 shares. The stock had previously closed at $7.77.

The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VLRS shares. JPMorgan Chase & Co. boosted their target price on shares of 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. UBS Group boosted their target price on shares of 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. 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. Finally, Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $13.14.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently bought and sold shares of VLRS. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $92,000. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $108,000. BNP Paribas Financial Markets raised 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 worth $533,000 after buying an additional 51,580 shares during the period. Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $320,000. Finally, Quadrature Capital Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $130,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación Trading Down 12.5 %

The company has a fifty day simple moving average of $8.07 and a 200-day simple moving average of $7.29. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock has a market cap of $792.40 million, a price-to-earnings ratio of 4.09 and a beta of 2.45.

Controladora Vuela Compañía de Aviación Company 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.