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.
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