XTX Topco Ltd Makes New Investment in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

XTX Topco Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the third quarter, Holdings Channel reports. The fund acquired 33,491 shares of the transportation company’s stock, valued at approximately $212,000.

Other large investors have also recently modified their holdings of the company. Perpetual Ltd boosted its holdings in Controladora Vuela Compañía de Aviación by 30.9% during the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after acquiring an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $1,338,000. American Century Companies Inc. boosted its stake 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 period. BNP Paribas Financial Markets increased its stake in shares of Controladora Vuela Compañía de Aviación by 157.9% in the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after buying an additional 51,580 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter worth $408,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Barclays reissued an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, TD Cowen upped their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating and one has given 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 price target of $12.85.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $8.10 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. 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 of $7.67 and a 200 day moving average of $6.74. The company has a market cap of $944.44 million, a P/E ratio of 4.88 and a beta of 2.42.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the company earned ($0.33) EPS. On average, sell-side analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current 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.