Key Points
- Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) on May 12 at an average price of $7.33, totaling about $366,500. After the sale, he still owned 3,046,050 shares.
- VLRS reported weaker-than-expected quarterly earnings, posting an EPS loss of $0.62 versus an expected loss of $0.06, even though revenue came in at $770 million. The company also showed negative net margin and return on equity.
- Analyst sentiment remains mixed but cautious, with a MarketBeat average rating of “Hold” and a consensus target price of $8.86. Recent rating cuts included downgrades from Zacks Research and Itaú BBA Securities.
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) Director William Dean Donovan sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the director directly owned 3,046,050 shares of the company's stock, valued at $22,327,546.50. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Controladora Vuela Compania de Aviacion Price Performance
Controladora Vuela Compania de Aviacion stock opened at $6.91 on Friday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52 week low of $4.15 and a 52 week high of $10.80. The company's 50 day moving average price is $7.39 and its two-hundred day moving average price is $8.05. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The stock has a market cap of $806.06 million, a P/E ratio of -6.46 and a beta of 1.77.
Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The business had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. On average, equities analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 earnings per share for the current year.
Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion
Institutional investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at about $490,000. M&T Bank Corp purchased a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $1,219,000. State of Wyoming bought a new position in Controladora Vuela Compania de Aviacion during the 3rd quarter valued at approximately $417,000. Allegheny Financial Group purchased a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $195,000. Finally, Fourth Sail Capital LP grew its position in shares of Controladora Vuela Compania de Aviacion by 0.4% in the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company's stock worth $6,729,000 after buying an additional 3,277 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company's stock.
Analyst Upgrades and Downgrades
VLRS has been the topic of a number of research reports. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. cut their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a "neutral" rating for the company in a research report on Thursday, March 12th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from a "market perform" rating to an "underperform" rating and set a $7.40 target price for the company. in a research report on Thursday, May 7th. Barclays cut their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $8.86.
View Our Latest Research Report on Controladora Vuela Compania de Aviacion
About Controladora Vuela Compania de Aviacion
(
Get Free Report)
Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.
Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.
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