Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Short Interest Update

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 609,600 shares, a decrease of 15.1% from the May 30th total of 717,900 shares. Based on an average daily volume of 246,600 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.8% of the company’s shares are sold short.

A number of research firms recently weighed in on VLRS. Imperial Capital reissued an “in-line” rating and issued a $29.00 price objective (down from $33.00) on shares of Whiting Petroleum in a research report on Friday, May 3rd. UBS Group increased their price objective on shares of Intact Financial from C$122.00 to C$133.00 in a research report on Tuesday, June 18th. ValuEngine lowered shares of ENN ENERGY HOLD/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. HSBC began coverage on shares of Dow Chemical in a research report on Wednesday, April 3rd. They issued a “hold” rating and a $53.00 price objective on the stock. Finally, Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, July 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $10.07.

A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp bought a new stake in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter valued at about $654,000. Dimensional Fund Advisors LP grew its position in shares of Controladora Vuela Co Avcn SA CV by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 778,334 shares of the transportation company’s stock valued at $4,165,000 after buying an additional 2,215 shares during the last quarter. Zacks Investment Management bought a new stake in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter valued at about $62,000. Harris Associates L P grew its position in shares of Controladora Vuela Co Avcn SA CV by 6.0% in the 4th quarter. Harris Associates L P now owns 7,195,950 shares of the transportation company’s stock valued at $38,498,000 after buying an additional 409,700 shares during the last quarter. Finally, VR Advisory Services Ltd grew its position in shares of Controladora Vuela Co Avcn SA CV by 128.0% in the 4th quarter. VR Advisory Services Ltd now owns 298,670 shares of the transportation company’s stock valued at $1,598,000 after buying an additional 167,702 shares during the last quarter.

Shares of VLRS stock opened at $10.07 on Friday. The company has a debt-to-equity ratio of 9.64, a current ratio of 0.61 and a quick ratio of 0.60. The company has a market cap of $1.02 billion, a P/E ratio of 20.98 and a beta of 1.21. The stock has a 50-day moving average of $9.49. Controladora Vuela Co Avcn SA CV has a one year low of $5.15 and a one year high of $10.55.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its earnings results on Friday, April 26th. The transportation company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.44. The business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $349.00 million. Controladora Vuela Co Avcn SA CV had a net margin of 3.32% and a return on equity of 12.28%. As a group, analysts expect that Controladora Vuela Co Avcn SA CV will post 0.54 earnings per share for the current fiscal year.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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