Primecap Management Co. CA Trims Stock Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Primecap Management Co. CA trimmed its holdings in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 22.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 41,000 shares of the transportation company’s stock after selling 11,700 shares during the period. Primecap Management Co. CA’s holdings in Controladora Vuela Compañía de Aviación were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLRS. SouthState Corp purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth $216,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth about $2,106,000. Raymond James Financial Inc. acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at about $153,000. Aigen Investment Management LP raised its stake in shares of Controladora Vuela Compañía de Aviación by 123.6% in the 4th quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company’s stock valued at $243,000 after acquiring an additional 18,056 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 146.0% in the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock worth $1,376,000 after acquiring an additional 109,776 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Analysts Set New Price Targets

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

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $5.69 on Thursday. The business’s 50-day moving average is $7.46 and its two-hundred day moving average is $7.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a market capitalization of $662.98 million, a P/E ratio of 3.43 and a beta of 2.48. 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 $9.57.

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