Virgin America Inc (VA): Is It Right For Your Portfolio?

Because Virgin America Inc (NASDAQ:VA) has witnessed a decline in interest from the entirety of the hedge funds we track, logic holds that there is a sect of hedge funds that decided to sell off their full holdings last quarter. Intriguingly, Neil Chriss’ Hutchin Hill Capital cut the largest stake of all the hedgies tracked by Insider Monkey, comprising an estimated $52.4 million in stock, and Paul Tudor Jones’ Tudor Investment Corp was right behind this move, as the fund cut about $13.8 million worth.

Let’s also examine hedge fund activity in other stocks similar to Virgin America Inc (NASDAQ:VA). We will take a look at Ligand Pharmaceuticals Inc. (NASDAQ:LGND), Grifols SA, Barcelona (NASDAQ:GRFS), Wintrust Financial Corp (NASDAQ:WTFC), and Nice Systems Ltd (ADR) (NASDAQ:NICE). All of these stocks’ market caps resemble VA’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $187 million. That figure was $882 million in VA’s case. Ligand Pharmaceuticals Inc. (NASDAQ:LGND) is the most popular stock in this table. On the other hand Grifols SA, Barcelona (NASDAQ:GRFS) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Virgin America Inc (NASDAQ:VA) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None