Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 55.7% during the second quarter, Holdings Channel reports. The firm owned 412,279 shares of the transportation company’s stock after selling 518,557 shares during the period. Millennium Management LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $2,622,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth about $64,000. Confluence Investment Management LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 1st quarter valued at about $211,000. Squarepoint Ops LLC boosted its stake in Controladora Vuela Compañía de Aviación by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 40,955 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after acquiring an additional 18,433 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $408,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Trading Up 4.7 %

VLRS opened at $6.66 on Wednesday. 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 stock has a market capitalization of $776.54 million, a PE ratio of 6.87 and a beta of 2.46. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 1-year low of $5.15 and a 1-year high of $9.67. The firm has a 50-day moving average price of $6.06 and a two-hundred day moving average price of $6.84.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The company had revenue of $726.00 million during the quarter, compared to analysts’ expectations of $739.87 million. As a group, equities analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VLRS shares. TD Cowen dropped their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com upgraded 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación has an average rating of “Buy” and a consensus target price of $12.52.

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.