10,000 Shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the transportation company’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted 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 buying an additional 5,461 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Controladora Vuela Compañía de Aviación by 74.5% in the fourth quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 18,247 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 1st quarter worth $211,000. ANTIPODES PARTNERS Ltd grew its stake in shares of Controladora Vuela Compañía de Aviación by 91.0% during the 1st 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 increased its holdings in shares of Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after purchasing an additional 1,372,624 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen decreased their price objective 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 raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six research 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.com, the stock has a consensus rating of “Buy” and an average target price of $12.52.

Controladora Vuela Compañía de Aviación Trading Up 0.5 %

Shares of VLRS opened at $6.55 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 stock has a market cap of $763.72 million, a price-to-earnings ratio of 6.75 and a beta of 2.46. The firm has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $6.92.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. The company had revenue of $726.00 million during the quarter, compared to the consensus estimate of $739.87 million. Equities analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.86 EPS for the current fiscal year.

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.