Jane Street Group LLC Lowers Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Jane Street Group LLC cut its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 51.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,706 shares of the transportation company’s stock after selling 25,093 shares during the quarter. Jane Street Group LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Stifel Financial Corp grew its holdings in shares of Controladora Vuela Compañía de Aviación by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,135 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $130,000. Centiva Capital LP purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $320,000. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 51,580 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $108,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $8.23 on Tuesday. 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 firm has a market capitalization of $959.60 million, a P/E ratio of 4.96 and a beta of 2.42. The business’s 50-day moving average is $7.90 and its two-hundred day moving average is $6.86. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1 year low of $5.15 and a 1 year high of $9.57.

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

Analysts Set New Price Targets

A number of brokerages recently commented on VLRS. UBS Group raised their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Barclays restated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen raised their target price on 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, JPMorgan Chase & Co. raised their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $13.01.

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.