Controladora Vuela Compania de Aviacion (NYSE:VLRS) Downgraded to Underperform Rating by Itau BBA Securities

Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a market perform rating to an underperform rating in a report released on Thursday, MarketBeat reports. Itau BBA Securities currently has $7.40 target price on the transportation company’s stock.

Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective for the company. in a research report on Monday, April 13th. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. cut their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Finally, Barclays lowered their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.86.

Controladora Vuela Compania de Aviacion Trading Down 2.0%

NYSE VLRS traded down $0.16 on Thursday, reaching $7.66. 80,203 shares of the company were exchanged, compared to its average volume of 739,595. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. The business’s fifty day moving average price is $7.49 and its 200 day moving average price is $8.04. The stock has a market capitalization of $892.56 million, a P/E ratio of -7.15 and a beta of 1.77. Controladora Vuela Compania de Aviacion has a fifty-two week low of $3.97 and a fifty-two week high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The company had revenue of $770.00 million during the quarter, compared to analyst estimates of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. Analysts forecast that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VLRS. Inspire Advisors LLC grew its stake in shares of Controladora Vuela Compania de Aviacion by 10.1% in the third quarter. Inspire Advisors LLC now owns 28,275 shares of the transportation company’s stock valued at $203,000 after buying an additional 2,594 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth about $28,000. Fourth Sail Capital LP boosted its holdings in Controladora Vuela Compania de Aviacion by 0.4% during the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after acquiring an additional 3,277 shares during the period. State Street Corp grew its position in Controladora Vuela Compania de Aviacion by 4.7% in the 4th quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock valued at $696,000 after acquiring an additional 3,533 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Controladora Vuela Compania de Aviacion by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after acquiring an additional 7,626 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors and hedge funds.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.