Imperial Capital initiated coverage on shares of Virgin America Inc. (NASDAQ:VA) in a research report released on Friday morning. The firm issued an in-line rating and a $57.00 price objective on the stock.
Separately, Vetr lowered shares of Virgin America from a buy rating to a hold rating and set a $54.61 price objective for the company. in a research note on Monday, June 6th. 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 company’s stock. Virgin America has a consensus rating of Hold and an average target price of $41.75.
Virgin America (NASDAQ:VA) opened at 53.54 on Friday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 7.50 and a beta of 1.62. The firm’s 50-day moving average is $55.62 and its 200 day moving average is $53.55. Virgin America has a 12 month low of $26.30 and a 12 month high of $56.54.
A number of hedge funds and other institutional investors have recently made changes to their positions in VA. Envestnet Asset Management Inc. purchased a new position in shares of Virgin America during the first quarter valued at approximately $100,000. BlackRock Inc. increased 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 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 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. 77.60% of the stock is owned by hedge funds and other institutional investors.
Virgin America Company Profile
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.
Receive News & Ratings for Virgin America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virgin America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.