Hutchin Hill Capital Lp adds Virgin America Inc (VA) to its portfolio

Virgin America Inc (VA) : Hutchin Hill Capital Lp added new position in Virgin America Inc during the most recent quarter end. The investment management firm now holds 933,045 shares of Virgin America Inc which is valued at $52,203,868 , the company said in a statement filed on Aug 15, 2016 with the SEC.Virgin America Inc makes up approximately 3.29% of Hutchin Hill Capital Lp’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc added VA to its portfolio by purchasing 2,605 company shares during the most recent quarter which is valued at $145,750. Pear Tree Advisors Inc sold out all of its stake in VA during the most recent quarter. The investment firm sold 39,596 shares of VA which is valued $2,215,396. Ontario Teachers Pension Plan Board added VA to its portfolio by purchasing 64,900 company shares during the most recent quarter which is valued at $3,631,155. Virgin America Inc makes up approx 0.04% of Ontario Teachers Pension Plan Board’s portfolio.Blackrock Investment Management reduced its stake in VA by selling 15,873 shares or 17.96% in the most recent quarter. The Hedge Fund company now holds 72,524 shares of VA which is valued at $4,057,718. Royce Associates Lp sold out all of its stake in VA during the most recent quarter. The investment firm sold 92,128 shares of VA which is valued $5,148,113.

Virgin America Inc opened for trading at $55.6 and hit $55.74 on the upside on Thursday, eventually ending the session at $55.72, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 4,28,522 shares. Company has a market cap of $2,489 M.

On the company’s financial health, Virgin America Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.36. The company had revenue of $364.00 million for the quarter, compared to analysts expectations of $361.40 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. It provides service to approximately 21 airports in the United States and Mexico with a fleet of 53 narrow-body aircraft. It offers three levels of service: First Class Main Cabin Select and Main Cabin. First Class level of service includes eight-seat cabin with an inflight teammate to provide service 165 degree reclining leather seat with massage functions and 55 inches of pitch between rows among others. Main Cabin Select includes 38 inches of pitch for leg room individual Red inflight entertainment system at every seatback and one free checked bag among others. Main Cabin includes 32 or 33 inches of pitch individual Red inflight entertainment system at every seatback and complimentary live television among others.

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