Bank of America Corp DE Has $11.62 Million Position in Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

Bank of America Corp DE reduced its stake in Controladora Vuela Co Avcn SA CV (NYSE:VLRS) by 34.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,171,897 shares of the transportation company’s stock after selling 1,123,772 shares during the quarter. Bank of America Corp DE owned about 2.15% of Controladora Vuela Co Avcn SA CV worth $11,619,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Stevens Capital Management LP acquired a new position in Controladora Vuela Co Avcn SA CV in the fourth quarter valued at $73,000. Virtu Financial LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the fourth quarter valued at $139,000. First Mercantile Trust Co. acquired a new position in Controladora Vuela Co Avcn SA CV in the fourth quarter valued at $323,000. Northern Trust Corp acquired a new position in Controladora Vuela Co Avcn SA CV in the fourth quarter valued at $654,000. Finally, Pendal Group Ltd increased its stake in Controladora Vuela Co Avcn SA CV by 40.1% in the fourth quarter. Pendal Group Ltd now owns 135,723 shares of the transportation company’s stock valued at $726,000 after purchasing an additional 38,873 shares during the last quarter.

VLRS has been the subject of several analyst reports. Deutsche Bank upgraded Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. ValuEngine upgraded Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Goldman Sachs Group upgraded Controladora Vuela Co Avcn SA CV from a “sell” rating to a “buy” rating in a research note on Tuesday, March 5th. HSBC upgraded Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research lowered Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.68.

Shares of VLRS stock remained flat at $$9.35 during trading hours on Friday. The stock had a trading volume of 297,191 shares, compared to its average volume of 283,996. The company has a current ratio of 0.61, a quick ratio of 0.97 and a debt-to-equity ratio of 9.64. Controladora Vuela Co Avcn SA CV has a fifty-two week low of $4.87 and a fifty-two week high of $9.58. The firm has a market capitalization of $946.10 million, a price-to-earnings ratio of -26.71 and a beta of 1.22.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last posted its earnings results on Friday, February 22nd. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.17. Controladora Vuela Co Avcn SA CV had a return on equity of 12.28% and a net margin of 3.32%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $353.00 million. As a group, research analysts expect that Controladora Vuela Co Avcn SA CV will post 0.63 EPS for the current fiscal year.

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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, 2017, the company operated a fleet of 71 Airbus narrow-body aircraft, which include 12 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 319 daily flight segments on routes that connect 40 cities in Mexico and 27 cities in the United States and Central America.

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Institutional Ownership by Quarter for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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