The Alambic Investment Management L.P. Continues to Hold Stake in Virgin America Inc (VA)

The Alambic Investment Management L.P. Continues to Hold Stake in Virgin America Inc (VA)

Alambic Investment Management L.P. maintained its position in shares of Virgin America Inc (NYSE:VA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the company’s stock at the end of the third quarter. Alambic Investment Management L.P.’s holdings in Virgin America were worth $449,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Virgin America by 5,203.1% in the second quarter. Royal Bank of Canada now owns 117,995 shares of the company’s stock valued at $6,633,000 after buying an additional 115,770 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Virgin America during the second quarter valued at approximately $1,077,000. BNP Paribas Arbitrage SA boosted its position in shares of Virgin America by 1.7% in the third quarter. BNP Paribas Arbitrage SA now owns 58,241 shares of the company’s stock valued at $3,116,000 after buying an additional 985 shares in the last quarter. Havens Advisors LLC boosted its position in shares of Virgin America by 197.3% in the third quarter. Havens Advisors LLC now owns 183,715 shares of the company’s stock valued at $9,831,000 after buying an additional 121,915 shares in the last quarter. Finally, Puplava Financial Services Inc. boosted its position in shares of Virgin America by 51.3% in the third quarter. Puplava Financial Services Inc. now owns 97,217 shares of the company’s stock valued at $5,202,000 after buying an additional 32,957 shares in the last quarter.

Shares of Virgin America Inc (NYSE:VA) traded up 0.000% during midday trading on Wednesday, reaching $56.975. The stock has a 50 day moving average price of $55.92 and a 200 day moving average price of $55.58. Virgin America Inc has a 12-month low of $26.30 and a 12-month high of $58.70.

VA has been the subject of several recent research reports. Imperial Capital began coverage on shares of Virgin America in a research report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 price target for the company. Vetr raised shares of Virgin America from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 25th. J P Morgan Chase & Co raised shares of Virgin America from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $52.50 in a research report on Tuesday, October 11th. Deutsche Bank AG lifted their price objective on shares of Virgin America from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 12th. Finally, Zacks Investment Research raised shares of Virgin America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. Virgin America currently has a consensus rating of “Hold” and an average price target of $57.00.

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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