Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Down 5.7% – Here’s What Happened

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) fell 5.7% on Friday . The stock traded as low as $6.89 and last traded at $6.81. 683,452 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 882,029 shares. The stock had previously closed at $7.22.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VLRS. Evercore ISI lifted their price objective on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. TD Cowen lifted their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. UBS Group lifted their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Barclays lifted their price objective on Controladora Vuela Compania de Aviacion from $5.50 to $7.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.22.

Controladora Vuela Compania de Aviacion Stock Down 5.2%

The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69. The firm has a market capitalization of $798.01 million, a P/E ratio of -25.35 and a beta of 2.02. The stock has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $5.35.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Controladora Vuela Compania de Aviacion by 322.5% during the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock valued at $6,683,000 after purchasing an additional 977,249 shares during the period. Wellington Management Group LLP acquired a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $3,312,000. Banco BTG Pactual S.A. acquired a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $2,056,000. Jump Financial LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at approximately $1,611,000. Finally, Ancient Art L.P. boosted its position in Controladora Vuela Compania de Aviacion by 22.2% during the 1st quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company’s stock valued at $9,481,000 after purchasing an additional 329,496 shares during the period. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compania de Aviacion 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.