Havens Advisors adds Virgin America Inc (VA) to its portfolio

Virgin America Inc (VA) : Havens Advisors added new position in Virgin America Inc during the most recent quarter end. The investment management firm now holds 61,800 shares of Virgin America Inc which is valued at $3,465,744 , the company said in a statement filed on Jul 13, 2016 with the SEC.Virgin America Inc makes up approximately 3.02% of Havens Advisors’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in VA by selling 7,679 shares or 43.18% in the most recent quarter. The Hedge Fund company now holds 10,104 shares of VA which is valued at $566,632. Virgin America Inc makes up approx 0.04% of Cutler Group Lp’s portfolio.North Star Investment Management Corp. reduced its stake in VA by selling 51,000 shares or 98.36% in the most recent quarter. The Hedge Fund company now holds 850 shares of VA which is valued at $47,668. Virgin America Inc makes up approx 0.01% of North Star Investment Management Corp.’s portfolio. Smith Affiliated Capital Corp. added VA to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $100,944. Virgin America Inc makes up approx 0.05% of Smith Affiliated Capital Corp.’s portfolio. Washington Trust Bank sold out all of its stake in VA during the most recent quarter. The investment firm sold 50 shares of VA which is valued $2,813.Mazama Capital Management Inc reduced its stake in VA by selling 11,443 shares or 32.33% in the most recent quarter. The Hedge Fund company now holds 23,947 shares of VA which is valued at $1,347,258. Virgin America Inc makes up approx 0.26% of Mazama Capital Management Inc’s portfolio.

Virgin America Inc closed down -0.14 points or -0.25% at $56.26 with 1,15,156 shares getting traded on Monday. Post opening the session at $56.38, the shares hit an intraday low of $56.21 and an intraday high of $56.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Many Wall Street Analysts have commented on Virgin America Inc. Company shares were Downgraded by Barclays on Apr 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 56 from a previous price target of $44 .

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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