Connor Clark & Lunn Investment Management Ltd. Buys New Stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) in the 4th quarter, HoldingsChannel reports. The fund bought 283,108 shares of the transportation company’s stock, valued at approximately $2,106,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC boosted its position in shares of Controladora Vuela Compañía de Aviación by 13.3% in the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock worth $18,423,000 after purchasing an additional 291,252 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Controladora Vuela Compañía de Aviación by 146.0% in the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock worth $1,376,000 after acquiring an additional 109,776 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after acquiring an additional 51,580 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $320,000. Finally, Stifel Financial Corp boosted its stake 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 worth $241,000 after purchasing an additional 3,135 shares in the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on VLRS shares. Citigroup cut their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price for the company. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, UBS Group increased their price objective on 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has an average rating of “Moderate Buy” and a consensus price target of $12.88.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS opened at $5.67 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a market capitalization of $660.53 million, a price-to-earnings ratio of 3.41 and a beta of 2.48. The firm’s 50 day simple moving average is $7.51 and its 200-day simple moving average is $7.33. 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 $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $835.00 million during the quarter, compared to analyst estimates of $709.48 million. Analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current year.

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.