Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Rating Upgraded by StockNews.com

Posted by Defense World Staff on Apr 27th, 2023

Controladora Vuela Compañía de Aviación (NYSE:VLRS – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock opened at $10.84 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.58. Controladora Vuela Compañía de Aviación has a 52-week low of $6.86 and a 52-week high of $17.43. The business has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $10.21. The stock has a market cap of $951.64 million, a PE ratio of -36.13, a price-to-earnings-growth ratio of 0.64 and a beta of 2.58.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Large investors have recently made changes to their positions in the stock. WCM Investment Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $21,199,000. Bank of America Corp DE increased its position in shares of Controladora Vuela Compañía de Aviación by 32,831.9% in the 4th quarter. Bank of America Corp DE now owns 1,430,234 shares of the transportation company’s stock valued at $11,957,000 after buying an additional 1,425,891 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Controladora Vuela Compañía de Aviación by 67.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,441,007 shares of the transportation company’s stock valued at $17,063,000 after buying an additional 984,581 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $7,537,000. Finally, Canada Pension Plan Investment Board bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $3,495,000. 46.97% of the stock is currently owned by hedge funds and other institutional investors.

About Controladora Vuela Compañía de Aviación

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Controladora Vuela Compañía de Aviación SAB de CV is a holding company, which engages in the provision of air transportation and related services. It also offers cargo services. The company was founded by Roberto Jose Kriete Avila and Carlos Mendoza Valencia on October 27, 2005 and is headquartered in Mexico City.