Virgin America Inc (VA) Stake Boosted by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its position in shares of Virgin America Inc (NYSE:VA) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 58,241 shares of the company’s stock after buying an additional 985 shares during the period. BNP Paribas Arbitrage SA’s holdings in Virgin America were worth $3,116,000 as of its most recent SEC filing.
Separately, Wolverine Asset Management LLC acquired a new stake in shares of Virgin America during the second quarter worth approximately $1,077,000.
Virgin America Inc (NYSE:VA) traded up 0.18% during mid-day trading on Wednesday, reaching $56.50. The company’s stock had a trading volume of 753,150 shares. 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 price of $54.87 and a 200-day moving average price of $55.48. The firm has a market cap of $2.53 billion and a PE ratio of 8.47.
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A number of brokerages recently commented on VA. Morgan Stanley reaffirmed a “hold” rating and set a $57.00 price target on shares of Virgin America in a research report on Sunday, August 21st. Zacks Investment Research raised Virgin America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Imperial Capital began coverage on Virgin America in a research report on Friday, September 23rd. They set an “in-line” rating and a $57.00 price target for the company. JPMorgan Chase & Co. raised Virgin America from an “underweight” rating to a “neutral” rating and increased their price target for the company from $50.00 to $52.50 in a research report on Tuesday, October 11th. Finally, Credit Suisse Group AG set a $57.00 price target on Virgin America and gave the company a “hold” rating in a research report on Monday, September 12th. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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.
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