Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Pass Below 200 Day Moving Average – Time to Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.30 and traded as low as $5.50. Controladora Vuela Compañía de Aviación shares last traded at $5.51, with a volume of 1,554,299 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VLRS shares. UBS Group increased their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price objective on the stock. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup cut their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

Controladora Vuela Compañía de Aviación Trading Down 2.7 %

The stock has a market cap of $642.11 million, a P/E ratio of 3.32 and a beta of 2.48. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The business’s 50 day simple moving average is $7.14 and its two-hundred day simple moving average is $7.30.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The firm had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. As a group, analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $14,786,000. Mackenzie Financial Corp acquired a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $4,550,000. WCM Investment Management LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 13.3% in the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after acquiring an additional 291,252 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $2,106,000. Finally, JPMorgan Chase & Co. increased its position in Controladora Vuela Compañía de Aviación by 236.2% during the 4th quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company’s stock valued at $1,693,000 after purchasing an additional 159,900 shares during the period. 53.32% of the stock is owned by institutional investors.

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.