Havens Advisors LLC raised its stake in Virgin America Inc (NYSE:VA) by 197.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,715 shares of the company’s stock after buying an additional 121,915 shares during the period. Virgin America accounts for about 7.7% of Havens Advisors LLC’s portfolio, making the stock its 5th largest position. Havens Advisors LLC’s holdings in Virgin America were worth $9,831,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VA. BNP Paribas Arbitrage SA increased its stake in shares of Virgin America by 1.7% in the third quarter. BNP Paribas Arbitrage SA now owns 58,241 shares of the company’s stock valued at $3,116,000 after buying an additional 985 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Virgin America during the second quarter valued at approximately $1,077,000. Finally, Royal Bank of Canada increased its stake in shares of Virgin America by 5,203.1% in the second quarter. Royal Bank of Canada now owns 117,995 shares of the company’s stock valued at $6,633,000 after buying an additional 115,770 shares during the last quarter.
Shares of Virgin America Inc (NYSE:VA) traded down 0.18% during trading on Monday, hitting $56.50. 334,756 shares of the company’s stock were exchanged. The company has a market cap of $2.53 billion and a P/E ratio of 8.47. Virgin America Inc has a 12-month low of $26.30 and a 12-month high of $58.70. The company has a 50-day moving average of $54.76 and a 200-day moving average of $55.48.
Several research firms recently weighed in on VA. Imperial Capital reaffirmed an “in-line” rating and set a $57.00 target price on shares of Virgin America in a research note on Thursday. Morgan Stanley reaffirmed a “hold” rating and set a $57.00 target price on shares of Virgin America in a research note on Sunday, August 21st. Zacks Investment Research raised shares of Virgin America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Credit Suisse Group AG set a $57.00 target price on shares of Virgin America and gave the company a “hold” rating in a research note on Monday, September 12th. Finally, Deutsche Bank AG raised their target price on shares of Virgin America from $55.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 12th. Six equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.10.
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.