Key Points
- Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion at an average price of $7.54, totaling about $377,000. After the sale, he still held 2.996 million shares, and the filing showed his ownership fell by 1.64%.
- The director also sold 50,000 shares earlier in May at $7.33 each, indicating a pattern of recent insider selling in the stock.
- VLRS shares recently traded at $7.83, and the company reported a wider-than-expected quarterly loss of ($0.62) EPS despite revenue of $770 million. Analysts currently have a consensus rating of Hold with an average price target of $8.86.
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 Controladora Vuela Compania de Aviacion stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the sale, the director owned 2,996,050 shares in the company, valued at approximately $22,590,217. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
William Dean Donovan also recently made the following trade(s):
- On Tuesday, May 12th, William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00.
Controladora Vuela Compania de Aviacion Price Performance
Shares of NYSE VLRS opened at $7.83 on Friday. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a fifty-two week low of $4.15 and a fifty-two week high of $10.80. The firm's 50-day simple moving average is $7.33 and its 200 day simple moving average is $8.07. 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 $912.38 million, a P/E ratio of -7.31 and a beta of 1.77.
Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. Equities analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 EPS for the current year.
Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $28,000. Fourth Sail Capital LP grew its stake in Controladora Vuela Compania de Aviacion by 0.4% during the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company's stock valued at $6,729,000 after acquiring an additional 3,277 shares in the last quarter. State Street Corp grew its stake in Controladora Vuela Compania de Aviacion by 4.7% during the 4th quarter. State Street Corp now owns 78,433 shares of the transportation company's stock valued at $696,000 after acquiring an additional 3,533 shares in the last quarter. American Century Companies Inc. grew its stake in Controladora Vuela Compania de Aviacion by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company's stock valued at $1,337,000 after acquiring an additional 7,626 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company's stock valued at $56,000 after acquiring an additional 7,632 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on VLRS. Barclays cut their price objective on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group cut shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.60 price objective on the stock. in a research note on Monday, April 13th. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a "sell (d)" rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a "neutral" rating on the stock in a research report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $8.86.
View Our Latest Research Report on Controladora Vuela Compania de Aviacion
Controladora Vuela Compania de Aviacion Company Profile
(
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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