BNP Paribas Financial Markets Has $533,000 Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

BNP Paribas Financial Markets lifted its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 157.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,252 shares of the transportation company’s stock after purchasing an additional 51,580 shares during the period. BNP Paribas Financial Markets owned 0.07% of Controladora Vuela Compañía de Aviación worth $533,000 as of its most recent filing with the SEC.

Several other large investors 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 valued at $2,829,000 after purchasing an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at about $1,338,000. Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the second quarter worth about $64,000. Squarepoint Ops LLC increased its stake in Controladora Vuela Compañía de Aviación by 207.3% during the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 40,955 shares during the period. Finally, American Century Companies Inc. raised its holdings in Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after acquiring an additional 5,461 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VLRS. JPMorgan Chase & Co. lifted their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. TD Cowen boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays restated an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS opened at $8.39 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The business’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $6.73. 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 stock has a market capitalization of $978.27 million, a price-to-earnings ratio of 5.07 and a beta of 2.42.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The business had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. As a group, analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current fiscal year.

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.