Deutsche Bank AG cut its position in Volaris (NYSE:VLRS) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551,646 shares of the transportation company’s stock after selling 258,217 shares during the quarter. Deutsche Bank AG owned approximately 0.63% of Volaris worth $4,424,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in shares of Volaris in the 3rd quarter valued at about $174,000. First Mercantile Trust Co. purchased a new stake in Volaris during the 4th quarter valued at approximately $243,000. Lenox Wealth Management Inc. raised its stake in Volaris by 21.7% during the 4th quarter. Lenox Wealth Management Inc. now owns 38,473 shares of the transportation company’s stock valued at $309,000 after acquiring an additional 6,862 shares during the last quarter. Virtu Financial LLC purchased a new stake in Volaris during the 4th quarter valued at approximately $504,000. Finally, Oppenheimer & Co. Inc. raised its stake in Volaris by 91.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 79,800 shares of the transportation company’s stock valued at $640,000 after acquiring an additional 38,100 shares during the last quarter.
Several research firms have commented on VLRS. Cowen reaffirmed an “outperform” rating and set a $12.00 price objective (up from $11.00) on shares of Volaris in a research note on Friday, February 23rd. Barclays reduced their price objective on Volaris from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, April 11th. Imperial Capital reaffirmed an “outperform” rating and set a $12.00 price objective (down from $16.00) on shares of Volaris in a research note on Wednesday, January 17th. Citigroup raised Volaris from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, February 20th. Finally, UBS raised Volaris from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.86.
Volaris (NYSE:VLRS) last issued its earnings results on Wednesday, February 21st. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $353.00 million. Volaris had a negative return on equity of 6.63% and a negative net margin of 2.48%. equities research analysts predict that Volaris will post 0.45 earnings per share for the current year.
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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, 2016, the company operated a fleet of 69 Airbus narrow-body aircraft, which include 15 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 302 daily flights on routes that connect 40 cities in Mexico and 22 cities in the United States and Central America.
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