MQS Management LLC Acquires New Stake in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)

MQS Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,123 shares of the transportation company’s stock, valued at approximately $108,000.

Other large investors have also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC purchased a new position in Controladora Vuela Compañía de Aviación during the second quarter worth about $64,000. Aigen Investment Management LP purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter worth about $92,000. Inspire Advisors LLC lifted its position in Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after buying an additional 4,856 shares during the period. Squarepoint Ops LLC lifted its position in Controladora Vuela Compañía de Aviación by 207.3% during the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after buying an additional 40,955 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth about $408,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $8.06 on Friday. 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 1 year low of $5.15 and a 1 year high of $9.67. The firm has a market cap of $939.80 million, a P/E ratio of 4.93 and a beta of 2.43. The stock has a 50-day simple moving average of $6.81 and a 200-day simple moving average of $6.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same quarter last year, the firm earned ($0.33) earnings per share. On average, equities analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VLRS shares. Barclays restated an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. JPMorgan Chase & Co. raised 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. TD Cowen raised their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $12.85.

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.