Renaissance Technologies LLC Sells 41,000 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Renaissance Technologies LLC lessened its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 54.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,700 shares of the transportation company’s stock after selling 41,000 shares during the period. Renaissance Technologies LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Confluence Investment Management LLC acquired a new position in Controladora Vuela Compañía de Aviación in the 1st quarter valued at approximately $211,000. BNP Paribas Financial Markets increased its position in shares of Controladora Vuela Compañía de Aviación by 43.1% during the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 18,433 shares during the period. American Century Companies Inc. raised its stake in shares of Controladora Vuela Compañía de Aviación by 2.7% in 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 in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in Controladora Vuela Compañía de Aviación by 91.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock worth $13,594,000 after purchasing an additional 872,764 shares during the period. Finally, Capital Research Global Investors boosted its stake in Controladora Vuela Compañía de Aviación by 45.5% during 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 in the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Cowen dropped their price objective on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $12.52.

Controladora Vuela Compañía de Aviación Stock Up 0.8 %

Shares of NYSE:VLRS opened at $6.29 on Friday. The company’s fifty day moving average is $6.02 and its 200-day moving average is $6.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. 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 company has a market capitalization of $733.40 million, a PE ratio of 6.48 and a beta of 2.46.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $726.00 million for the quarter, compared to analyst estimates of $739.87 million. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. Equities research analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share 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.