Aigen Investment Management LP Buys 18,056 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Aigen Investment Management LP increased its stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 123.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,660 shares of the transportation company’s stock after purchasing an additional 18,056 shares during the quarter. Aigen Investment Management LP’s holdings in Controladora Vuela Compañía de Aviación were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth $68,000. MQS Management LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $108,000. MMA Asset Management LLC bought a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter valued at about $112,000. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $130,000. Finally, XTX Topco Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter worth about $212,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Trading Down 2.2 %

Shares of Controladora Vuela Compañía de Aviación stock opened at $6.13 on Monday. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52-week low of $5.15 and a 52-week high of $9.57. The firm has a market capitalization of $714.16 million, a PE ratio of 3.69 and a beta of 2.48. 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 company’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $7.34.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results 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). Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The business had revenue of $835.00 million during the quarter, compared to the consensus estimate of $709.48 million. On average, analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

VLRS has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their target price on 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. Citigroup reduced their price objective 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. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. UBS Group increased their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.88.

Controladora Vuela Compañía de Aviación 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.