Envestnet Asset Management Inc. Raises Position in Volaris (VLRS)

Envestnet Asset Management Inc. raised its holdings in shares of Volaris (NYSE:VLRS) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 237,120 shares of the transportation company’s stock after buying an additional 32,259 shares during the period. Envestnet Asset Management Inc.’s holdings in Volaris were worth $1,901,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VLRS. INCA Investments LLC boosted its holdings in Volaris by 22.3% during the third quarter. INCA Investments LLC now owns 6,059,265 shares of the transportation company’s stock worth $71,923,000 after buying an additional 1,103,414 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Volaris by 41.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,683,072 shares of the transportation company’s stock worth $29,538,000 after buying an additional 1,071,579 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Volaris during the fourth quarter worth approximately $665,000. Virtu Financial LLC bought a new stake in Volaris during the fourth quarter worth approximately $504,000. Finally, Wells Fargo & Company MN boosted its holdings in Volaris by 9.8% during the third quarter. Wells Fargo & Company MN now owns 664,517 shares of the transportation company’s stock worth $7,887,000 after buying an additional 59,229 shares in the last quarter.

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VLRS stock opened at $8.64 on Monday. Volaris has a 12-month low of $7.50 and a 12-month high of $16.00. The company has a market capitalization of $758.47, a price-to-earnings ratio of -28.80 and a beta of -0.02.

Volaris (NYSE:VLRS) last released 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. Volaris had a negative net margin of 2.48% and a negative return on equity of 6.63%. The company had revenue of $336.00 million during the quarter, compared to the consensus estimate of $353.00 million. equities analysts expect that Volaris will post 0.45 earnings per share for the current year.

A number of equities analysts recently commented on VLRS shares. Imperial Capital reaffirmed an “outperform” rating and issued a $12.00 price objective (down previously from $16.00) on shares of Volaris in a research note on Wednesday, January 17th. Citigroup raised shares of 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. Cowen reaffirmed an “outperform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of Volaris in a research note on Friday, February 23rd. Zacks Investment Research reaffirmed a “sell” rating on shares of Volaris in a research note on Saturday, January 6th. Finally, Santander lowered shares of Volaris from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. 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 company has a consensus rating of “Hold” and a consensus price target of $13.43.

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Volaris 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, 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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Institutional Ownership by Quarter for Volaris (NYSE:VLRS)

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