Virgin America Inc. (VA) Stock Rating Lowered by Vetr Inc.
Virgin America Inc. (NASDAQ:VA) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. They currently have a $50.27 price objective on the stock. Vetr‘s price objective suggests a potential downside of 6.98% from the company’s current price.
Separately, Imperial Capital started coverage on shares of Virgin America in a report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $41.75.
Shares of Virgin America (NASDAQ:VA) opened at 54.04 on Tuesday. The stock has a 50 day moving average price of $55.56 and a 200 day moving average price of $53.55. Virgin America has a 12 month low of $26.30 and a 12 month high of $56.54. The firm has a market capitalization of $2.41 billion, a P/E ratio of 7.57 and a beta of 1.62.
Several hedge funds have recently bought and sold shares of the company. A.R.T. Advisors LLC purchased a new stake in Virgin America during the first quarter valued at about $989,000. Envestnet Asset Management Inc. bought a new position in shares of Virgin America during the first quarter valued at approximately $100,000. Legal & General Group Plc increased 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 bought a new position in shares of Virgin America during the first quarter valued at approximately $217,000. Finally, Kennedy Capital Management Inc. increased its position in shares of Virgin America by 171.2% in the first quarter. Kennedy Capital Management Inc. now owns 178,346 shares of the company’s stock valued at $6,877,000 after buying an additional 112,581 shares during the last quarter. 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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