Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Down 5.1% – Time to Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s share price dropped 5.1% during trading on Wednesday . The company traded as low as $7.95 and last traded at $7.91. Approximately 378,265 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 538,599 shares. The stock had previously closed at $8.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays reissued an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised 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. 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. Finally, StockNews.com lowered Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Buy” and an average target price of $13.33.

Controladora Vuela Compañía de Aviación Trading Down 5.5 %

The stock has a market cap of $918.23 million, a PE ratio of 4.74 and a beta of 2.45. The company’s fifty day moving average is $8.14 and its 200-day moving average is $7.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $68,000. Aigen Investment Management LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $92,000. MQS Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $108,000. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $130,000. Finally, Inspire Advisors LLC increased its stake in shares of Controladora Vuela Compañía de Aviación by 25.4% in 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. 53.32% of the stock is owned by institutional investors and hedge funds.

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.