Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Stake Lowered by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 13.4% during the third quarter, Holdings Channel reports. The firm owned 44,957 shares of the transportation company’s stock after selling 6,930 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Controladora Vuela Compañía de Aviación were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Perpetual Ltd boosted its stake 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 purchasing an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter worth approximately $1,338,000. American Century Companies Inc. grew its holdings in Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after buying an additional 5,461 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at approximately $408,000. Finally, Squarepoint Ops LLC raised 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 acquiring an additional 40,955 shares in the last quarter. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS opened at $7.70 on Monday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a twelve month low of $5.15 and a twelve month high of $9.67. 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 firm has a 50-day moving average of $7.12 and a two-hundred day moving average of $6.71. The company has a market capitalization of $897.82 million, a price-to-earnings ratio of 4.64 and a beta of 2.43.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on VLRS shares. TD Cowen increased their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Barclays reaffirmed an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and a consensus target price of $12.85.

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.