Aigen Investment Management LP Makes New Investment in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,604 shares of the transportation company’s stock, valued at approximately $92,000.

Several other large investors have also bought and sold shares of the company. Capital Research Global Investors raised its holdings in Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after buying an additional 1,372,624 shares during the last quarter. Perpetual Ltd raised its holdings in shares of Controladora Vuela Compañía de Aviación by 30.9% during the third 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $1,338,000. American Century Companies Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 2.7% during the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after purchasing an additional 5,461 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $408,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen upped their target price 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, JPMorgan Chase & Co. upped their target price on shares of 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Down 1.3 %

Shares of VLRS stock opened at $8.06 on Monday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12 month low of $5.15 and a 12 month high of $9.67. The stock has a market cap of $939.78 million, a P/E ratio of 4.86 and a beta of 2.43. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The company has a 50 day simple moving average of $6.85 and a two-hundred day simple moving average of $6.76.

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 for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. During the same period in the prior year, the business posted ($0.33) earnings per share. On average, research analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 earnings per share for the current year.

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.