Published On: Fri, Sep 23rd, 2016

Virgin America Inc. (VA) Earns In-Line Rating from Analysts at Imperial Capital

Equities research analysts at Imperial Capital began coverage on shares of Virgin America Inc. (NASDAQ:VA) in a research report issued on Friday, StockTargetPrices.com reports. The firm set an “in-line” rating and a $57.00 price target on the stock. Imperial Capital’s target price suggests a potential upside of 7.14% from the stock’s previous close.
Separately, Vetr lowered shares of Virgin America from a “buy” rating to a “hold” rating and set a $54.61 price target on the stock. in a research note on Monday, June 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.01.

Virgin America (NASDAQ:VA) opened at 53.20 on Friday. The company has a 50-day moving average of $55.81 and a 200 day moving average of $52.69. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 7.45 and a beta of 1.62. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54.

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A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in shares of Virgin America during the first quarter valued at $100,000. BlackRock Inc. boosted its position in shares of Virgin America by 9.4% in the first quarter. BlackRock Inc. now owns 2,910 shares of the company’s stock valued at $113,000 after buying an additional 249 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Virgin America by 153.3% in the first quarter. Legal & General Group Plc now owns 3,959 shares of the company’s stock valued at $153,000 after buying an additional 2,396 shares during the last quarter. Wealthsource Partners LLC purchased a new position in shares of Virgin America during the first quarter valued at approximately $217,000. Finally, HBK Investments L P purchased a new position in shares of Virgin America during the first quarter valued at approximately $259,000. Institutional investors and hedge funds own 77.60% of the company’s stock.
About Virgin America
Virgin America Inc is an airline that provides scheduled air travel in the United States and Mexico. The Company operates in air transportation service segment. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Company provides service to over 20 airports in the United States and Mexico with a fleet of over 60 narrow-body aircraft.

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