MMA Asset Management LLC Acquires Shares of 15,000 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

MMA Asset Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,000 shares of the transportation company’s stock, valued at approximately $112,000.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $68,000. Aigen Investment Management LP bought a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $92,000. MQS Management LLC bought a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $108,000. Quadrature Capital Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $130,000. Finally, XTX Topco Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $212,000. Institutional investors own 53.32% of the company’s stock.

Wall Street Analysts Forecast Growth

VLRS has been the subject of a number of recent research reports. UBS Group boosted their price objective 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. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday. Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.14.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $6.49 on Friday. The company has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $7.31. The stock has a market cap of $756.72 million, a price-to-earnings ratio of 3.91 and a beta of 2.45. 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

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

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.