Controladora Vuela Compañía de Aviación (NYSE:VLRS) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) passed 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 trading hands.

Analyst Upgrades and Downgrades

VLRS has been the subject of several analyst reports. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup reduced their price target 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. UBS Group increased their price objective 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. Finally, Itau BBA Securities initiated coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Controladora Vuela Compañía de Aviación Price Performance

The business has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $7.29. The firm has a market capitalization of $625.55 million, a P/E ratio of 3.23 and a beta of 2.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

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

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,135 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Controladora Vuela Compañía de Aviación by 157.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after buying an additional 51,580 shares during the last quarter. Centiva Capital LP purchased a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth approximately $320,000. Victory Capital Management Inc. grew its position in Controladora Vuela Compañía de Aviación by 146.0% during the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock valued at $1,376,000 after acquiring an additional 109,776 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $272,000. 53.32% of the stock is owned by institutional investors.

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.