Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Position Raised by WCM Investment Management LLC

WCM Investment Management LLC boosted its position in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,479,591 shares of the transportation company’s stock after purchasing an additional 291,252 shares during the period. WCM Investment Management LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $18,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at $68,000. XTX Topco Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $212,000. Stifel Financial Corp lifted its holdings in Controladora Vuela Compañía de Aviación by 9.0% in the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 3,135 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $130,000. Finally, Centiva Capital LP bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth approximately $320,000. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS opened at $7.94 on Friday. The company has a market capitalization of $925.80 million, a PE ratio of 4.78 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The company’s 50 day moving average price is $8.16 and its 200 day moving average price is $7.12. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 52 week low of $5.15 and a 52 week high of $9.57.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VLRS. StockNews.com cut Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted 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, November 12th. TD Cowen increased their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays restated 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. Finally, UBS Group raised their target price on shares of 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. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has an average rating of “Buy” and a consensus price target of $13.33.

About Controladora Vuela Compañía de Aviación

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.