Ascend Capital LLC Invests $1.26 Million in Orbital ATK Inc (OA)
Ascend Capital LLC acquired a new position in shares of Orbital ATK Inc (NYSE:OA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,582 shares of the aerospace company’s stock, valued at approximately $1,261,000.
Several other large investors have also modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in Orbital ATK during the 4th quarter valued at about $102,000. Cerebellum GP LLC purchased a new position in Orbital ATK during the 4th quarter valued at about $127,000. Front Row Advisors LLC purchased a new position in Orbital ATK during the 4th quarter valued at about $132,000. Tower Research Capital LLC TRC purchased a new position in Orbital ATK during the 4th quarter valued at about $189,000. Finally, LMR Partners LLP purchased a new position in Orbital ATK during the 3rd quarter valued at about $201,000. 81.13% of the stock is owned by hedge funds and other institutional investors.
Orbital ATK Inc (NYSE OA) opened at $132.12 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.59. The stock has a market capitalization of $7,620.00, a PE ratio of 24.74, a PEG ratio of 2.18 and a beta of 0.40. Orbital ATK Inc has a 52 week low of $93.03 and a 52 week high of $134.59.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, February 9th. Orbital ATK’s payout ratio is presently 23.97%.
In other news, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $131.60, for a total transaction of $197,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.
A number of equities analysts recently commented on the company. Credit Suisse Group cut Orbital ATK from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a report on Wednesday, January 10th. FIG Partners upgraded Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Cowen reiterated a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a research note on Wednesday, November 22nd. Finally, ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $123.56.
Orbital ATK Company Profile
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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