Arrowgrass Capital Partners (us) Lp buys $44,755,816 stake in Virgin America Inc (VA)

Virgin America Inc (VA) : Arrowgrass Capital Partners (us) Lp scooped up 311,786 additional shares in Virgin America Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 799,211 shares of Virgin America Inc which is valued at $44,755,816.Virgin America Inc makes up approximately 1.27% of Arrowgrass Capital Partners (us) Lp’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in VA by selling 21,182 shares or 76.75% in the most recent quarter. The Hedge Fund company now holds 6,416 shares of VA which is valued at $360,258.Kellner Capital boosted its stake in VA in the latest quarter, The investment management firm added 29,700 additional shares and now holds a total of 93,400 shares of Virgin America Inc which is valued at $5,244,410. Virgin America Inc makes up approx 4.17% of Kellner Capital’s portfolio.State Of Wisconsin Investment Board boosted its stake in VA in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 27,000 shares of Virgin America Inc which is valued at $1,468,800. Virgin America Inc makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.

Virgin America Inc opened for trading at $55.6 and hit $58.7 on the upside on Monday, eventually ending the session at $56.55, with a gain of 1.98% or 1.1 points. The heightened volatility saw the trading volume jump to 24,72,452 shares. Company has a market cap of $2,530 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.

Many Wall Street Analysts have commented on Virgin America Inc. Virgin America Inc was Upgraded by JP Morgan to ” Neutral” on Oct 11, 2016. Imperial Capital Initiated Virgin America Inc on Sep 23, 2016 to “In-line”, Price Target of the shares are set at $57.

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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