Arrowstreet Capital Limited Partnership Buys Shares of 1,987,411 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)
Arrowstreet Capital Limited Partnership acquired 1,987,411 shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in Q4, valued at approximately $14.8 million, representing about 1.70% ownership. Other institutional investors also increased their stakes. VLRS shares opened at $4.80, with a market cap of $560.02 million. The company reported a $0.39 EPS, missing estimates, but revenue was $835 million, exceeding expectations. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $12.88.
Arrowstreet Capital Limited Partnership purchased a new stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,987,411 shares of the transportation company's stock, valued at approximately $14,786,000. Arrowstreet Capital Limited Partnership owned about 1.70% of Controladora Vuela Compañía de Aviación at the end of the most recent reporting period.
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A number of other institutional investors and hedge funds have also made changes to their positions in VLRS. WCM Investment Management LLC lifted its stake in Controladora Vuela Compañía de Aviación by 13.3% during the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock worth $18,423,000 after acquiring an additional 291,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth about $2,106,000. American Century Companies Inc. boosted its stake in shares of Controladora Vuela Compañía de Aviación by 7.0% in the fourth quarter. American Century Companies Inc. now owns 263,141 shares of the transportation company's stock valued at $1,958,000 after purchasing an additional 17,158 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Controladora Vuela Compañía de Aviación by 236.2% in the fourth quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock valued at $1,693,000 after purchasing an additional 159,900 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Controladora Vuela Compañía de Aviación by 146.0% during the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after buying an additional 109,776 shares during the period. 53.32% of the stock is owned by hedge funds and other institutional investors.
Controladora Vuela Compañía de Aviación Stock Performance
Shares of VLRS opened at $4.80 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52-week low of $4.64 and a 52-week high of $9.57. The stock has a 50 day moving average price of $6.72 and a 200 day moving average price of $7.25. The company has a market capitalization of $560.02 million, a price-to-earnings ratio of 2.89 and a beta of 2.17.
Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its earnings results on Monday, February 24th. The transportation company reported $0.39 EPS 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 company had revenue of $835.00 million during the quarter, compared to analysts' expectations of $709.48 million. Research analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.
Wall Street Analyst Weigh In
VLRS has been the subject of several research reports. UBS Group boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. StockNews.com cut Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Itau BBA Securities assumed coverage on 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. Finally, Citigroup lowered 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.88.
Check Out Our Latest Report on Controladora Vuela Compañía de Aviación
Controladora Vuela Compañía de Aviación Profile
(Free Report)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.
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