Hodges Capital Management Inc. Sells 1,002,300 Shares of Controladora Vuela Co Avcn SA CV (VLRS)

Hodges Capital Management Inc. cut its stake in Controladora Vuela Co Avcn SA CV (NYSE:VLRS) by 95.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 47,000 shares of the transportation company’s stock after selling 1,002,300 shares during the quarter. Hodges Capital Management Inc.’s holdings in Controladora Vuela Co Avcn SA CV were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VLRS. Bank of America Corp DE increased its holdings in Controladora Vuela Co Avcn SA CV by 86,859.0% during the 2nd quarter. Bank of America Corp DE now owns 3,297,485 shares of the transportation company’s stock valued at $16,751,000 after purchasing an additional 3,293,693 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $145,000. Finally, Mycio Wealth Partners LLC increased its holdings in Controladora Vuela Co Avcn SA CV by 101.1% during the 2nd quarter. Mycio Wealth Partners LLC now owns 32,256 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 16,218 shares in the last quarter.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised Controladora Vuela Co Avcn SA CV from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. UBS Group cut Controladora Vuela Co Avcn SA CV from a “neutral” rating to a “sell” rating in a report on Friday, September 28th. HSBC cut Controladora Vuela Co Avcn SA CV from a “hold” rating to a “reduce” rating in a report on Friday, September 28th. Finally, TheStreet raised Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c-” rating in a report on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.21.

NYSE VLRS opened at $6.15 on Thursday. The firm has a market capitalization of $423.54 million, a PE ratio of -20.50 and a beta of 0.23. Controladora Vuela Co Avcn SA CV has a 52 week low of $4.87 and a 52 week high of $10.44.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its earnings results on Friday, October 26th. The transportation company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.12). The firm had revenue of $389.00 million during the quarter, compared to analyst estimates of $383.00 million. Controladora Vuela Co Avcn SA CV had a negative net margin of 2.72% and a negative return on equity of 7.65%. Sell-side analysts predict that Controladora Vuela Co Avcn SA CV will post -0.61 earnings per share for the current fiscal year.

Controladora Vuela Co Avcn SA CV Profile

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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