Alberta Investment Management Corp Trims Position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Alberta Investment Management Corp lessened its stake in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 19.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 659,022 shares of the transportation company’s stock after selling 157,144 shares during the quarter. Alberta Investment Management Corp’s holdings in Controladora Vuela Compañía de Aviación were worth $4,903,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,135 shares in the last quarter. R Squared Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth about $68,000. Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter worth about $92,000. MQS Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter worth about $108,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter worth about $130,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock opened at $8.28 on Thursday. 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. The stock has a 50 day moving average price of $8.12 and a two-hundred day moving average price of $7.22. The company has a market capitalization of $965.10 million, a P/E ratio of 4.99 and a beta of 2.45.

Analyst Ratings Changes

Several research analysts have recently commented on VLRS shares. Barclays reissued an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on 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 Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and a consensus target price of $13.14.

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.