American Trust Cuts Stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

American Trust lowered its stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,056 shares of the transportation company’s stock after selling 1,993 shares during the period. American Trust’s holdings in Controladora Vuela Compañía de Aviación were worth $121,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Stifel Financial Corp grew its position 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 valued at $241,000 after acquiring an additional 3,135 shares during the period. Inspire Advisors LLC lifted its stake in Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 4,856 shares during the last quarter. American Century Companies Inc. grew its holdings in 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 period. Insigneo Advisory Services LLC purchased a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth $64,000. Finally, Aigen Investment Management LP bought a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at $92,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VLRS. Barclays reiterated an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. TD Cowen increased their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS opened at $8.39 on Friday. 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 stock has a market capitalization of $978.27 million, a price-to-earnings ratio of 5.05 and a beta of 2.42. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52-week low of $5.15 and a 52-week high of $9.67. The stock’s 50-day simple moving average is $7.51 and its 200 day simple moving average is $6.72.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. The firm had revenue of $813.00 million for the quarter, compared to the consensus estimate 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 firm posted ($0.33) earnings per share. Research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current fiscal year.

Controladora Vuela Compañía de Aviación 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.