North of South Capital LLP Sells 434,064 Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

North of South Capital LLP cut its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 8.1% during the fourth quarter, Holdings Channel reports. The fund owned 4,938,580 shares of the transportation company’s stock after selling 434,064 shares during the quarter. Controladora Vuela Compañía de Aviación comprises about 4.5% of North of South Capital LLP’s holdings, making the stock its 10th biggest holding. North of South Capital LLP’s holdings in Controladora Vuela Compañía de Aviación were worth $36,743,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VLRS. Aigen Investment Management LP acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $92,000. MQS Management LLC acquired a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $108,000. BNP Paribas Financial Markets grew its holdings 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 valued at $533,000 after buying an additional 51,580 shares in the last quarter. Centiva Capital LP acquired a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $320,000. Finally, Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $130,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price objective on the stock. Barclays reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. UBS Group upped their price objective on 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. StockNews.com lowered Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE:VLRS opened at $8.44 on Friday. The stock has a fifty day moving average price of $8.12 and a 200-day moving average price of $7.23. The company has a market cap of $983.64 million, a price-to-earnings ratio of 5.08 and a beta of 2.45. 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, S.A.B. de C.V. has a fifty-two week low of $5.15 and a fifty-two week high of $9.57.

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.