Controladora Vuela Compania de Aviacion (NYSE:VLRS) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.51 and traded as low as $6.87. Controladora Vuela Compania de Aviacion shares last traded at $7.12, with a volume of 326,205 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VLRS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays reduced their target price on Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. JPMorgan Chase & Co. reduced their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Bank of America raised their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research note on Monday, December 22nd. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.74.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.72 and a current ratio of 0.73. The company has a 50 day moving average price of $8.42 and a 200 day moving average price of $7.93. The company has a market capitalization of $898.29 million, a price-to-earnings ratio of -8.66 and a beta of 1.92.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Sunday, February 15th. The transportation company reported $0.04 EPS for the quarter. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. The company had revenue of $882.00 million during the quarter. Equities research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $28,000. Savant Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 3rd quarter valued at about $77,000. R Squared Ltd acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $100,000. Inspire Investing LLC boosted its stake in Controladora Vuela Compania de Aviacion by 20.7% during the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 2,389 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.