Oppenheimer & Co. Inc. Sells 3,300 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Oppenheimer & Co. Inc. decreased its position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,750 shares of the transportation company’s stock after selling 3,300 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Controladora Vuela Compañía de Aviación were worth $318,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth $68,000. Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $92,000. MQS Management LLC bought a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $108,000. Quadrature Capital Ltd bought a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $130,000. Finally, XTX Topco Ltd bought a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $212,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock opened at $6.13 on Friday. 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 company has a market capitalization of $714.16 million, a P/E ratio of 3.69 and a beta of 2.48. The company’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $7.33. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52 week low of $5.15 and a 52 week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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%. The business had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. On average, analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VLRS has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Citigroup decreased their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of 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, Itau BBA Securities initiated 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 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

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.