Controladora Vuela Compañía de Aviación (NYSE:VLRS) Share Price Passes Below 200 Day Moving Average of $6.92

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.92 and traded as low as $6.52. Controladora Vuela Compañía de Aviación shares last traded at $6.55, with a volume of 598,310 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. TD Cowen cut their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $12.52.

Controladora Vuela Compañía de Aviación Stock Up 0.5 %

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 firm has a market capitalization of $763.72 million, a PE ratio of 6.75 and a beta of 2.46. The business’s 50 day moving average price is $6.00 and its 200-day moving average price is $6.91.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. The company had revenue of $726.00 million for the quarter, compared to analyst estimates of $739.87 million. As a group, equities research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.86 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Controladora Vuela Compañía de Aviación by 74.5% during the 4th quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock worth $401,000 after buying an additional 18,247 shares in the last quarter. Par Capital Management Inc. raised its stake in shares of Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after acquiring an additional 2,150,263 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Controladora Vuela Compañía de Aviación in the first quarter valued at $211,000. ANTIPODES PARTNERS Ltd boosted its holdings in Controladora Vuela Compañía de Aviación by 91.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after purchasing an additional 872,764 shares during the period. Finally, Capital Research Global Investors grew its stake in Controladora Vuela Compañía de Aviación by 45.5% during the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after purchasing an additional 1,372,624 shares in the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

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.