Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Unusually-High Trading Volume – Here’s What Happened

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) shares saw an uptick in trading volume on Wednesday . 217,325 shares changed hands during trading, a decline of 66% from the previous session’s volume of 634,065 shares.The stock last traded at $7.61 and had previously closed at $7.58.

Wall Street Analyst Weigh In

VLRS has been the subject of a number of research reports. TD Cowen lifted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Barclays reissued an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

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’s fifty day moving average price is $7.10 and its two-hundred day moving average price is $6.74. The stock has a market capitalization of $894.32 million, a PE ratio of 4.62 and a beta of 2.43.

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

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Large investors have recently bought and sold shares of the business. Insigneo Advisory Services LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $64,000. Aigen Investment Management LP purchased a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter worth $92,000. MQS Management LLC acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $108,000. 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, Inspire Advisors LLC increased its stake in shares of Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.