MQS Management LLC Acquires Shares of 17,123 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

MQS Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in the third quarter, HoldingsChannel reports. The fund acquired 17,123 shares of the transportation company’s stock, valued at approximately $108,000.

A number of other hedge funds have also recently bought and sold shares of the business. Inspire Advisors LLC grew its stake in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 4,856 shares in the last quarter. American Century Companies Inc. grew its stake in Controladora Vuela Compañía de Aviación by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after purchasing an additional 5,461 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at approximately $64,000. Aigen Investment Management LP acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth approximately $92,000. Finally, BNP Paribas Financial Markets grew its position in shares of Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after acquiring an additional 18,433 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Trading Down 1.3 %

Shares of NYSE VLRS opened at $8.06 on Friday. The company has a market cap of $939.80 million, a price-to-earnings ratio of 4.93 and a beta of 2.43. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12-month low of $5.15 and a 12-month high of $9.67. 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 stock’s 50 day simple moving average is $6.81 and its 200 day simple moving average is $6.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.13. The business had revenue of $813.00 million for the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter last year, the business posted ($0.33) EPS. Equities research analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on VLRS shares. JPMorgan Chase & Co. lifted their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday. 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 research report on Tuesday, October 22nd. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Barclays reiterated an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $12.85.

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.