JPMorgan Chase & Co. Upgrades Virgin America Inc. (VA) to Neutral
Virgin America Inc. (NASDAQ:VA) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Tuesday, StockTargetPrices.com reports.
Several other equities analysts have also issued reports on VA. Vetr lowered shares of Virgin America from a “strong-buy” rating to a “sell” rating and set a $50.27 price objective on the stock. in a report on Tuesday, September 27th. Imperial Capital began coverage on shares of Virgin America in a report on Friday, September 23rd. They set an “in-line” rating and a $57.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.75.
Virgin America (NASDAQ:VA) traded up 1.03% during trading on Tuesday, reaching $52.89. The company had a trading volume of 583,084 shares. The stock has a market capitalization of $2.36 billion, a P/E ratio of 7.41 and a beta of 1.63. Virgin America has a 12-month low of $26.30 and a 12-month high of $56.54. The stock has a 50 day moving average of $54.92 and a 200-day moving average of $55.00.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its position in shares of Virgin America by 291.3% in the first quarter. Panagora Asset Management Inc. now owns 203,205 shares of the company’s stock worth $7,836,000 after buying an additional 151,277 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Virgin America during the first quarter worth $587,000. Oasis Management Co Ltd. purchased a new position in shares of Virgin America during the first quarter worth $5,013,000. A.R.T. Advisors LLC purchased a new position in shares of Virgin America during the first quarter worth $989,000. Finally, Wealthsource Partners LLC purchased a new position in shares of Virgin America during the first quarter worth $217,000. Institutional investors 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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