Quinn Opportunity Partners LLC Has $1.17 Million Holdings in Orbital ATK Inc (OA)
Quinn Opportunity Partners LLC decreased its holdings in shares of Orbital ATK Inc (NYSE:OA) by 66.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,911 shares of the aerospace company’s stock after selling 17,489 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Orbital ATK were worth $1,172,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Bbva Compass Bancshares Inc. raised its stake in shares of Orbital ATK by 7.8% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 6,785 shares of the aerospace company’s stock worth $892,000 after purchasing an additional 493 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Orbital ATK by 25.7% in the fourth quarter. Suntrust Banks Inc. now owns 2,909 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 595 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Orbital ATK in the fourth quarter worth approximately $102,000. Oppenheimer & Co. Inc. raised its stake in shares of Orbital ATK by 15.2% in the third quarter. Oppenheimer & Co. Inc. now owns 6,338 shares of the aerospace company’s stock worth $844,000 after purchasing an additional 838 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Orbital ATK by 23.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the aerospace company’s stock worth $597,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.
Orbital ATK Inc (NYSE:OA) opened at $132.12 on Monday. Orbital ATK Inc has a twelve month low of $93.03 and a twelve month high of $134.59. 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 company has a market capitalization of $7,636.28, a price-to-earnings ratio of 24.65, a PEG ratio of 2.18 and a beta of -0.24.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, February 9th. Orbital ATK’s payout ratio is currently 23.88%.
In other news, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.
Several analysts have recently commented on OA shares. Zacks Investment Research downgraded Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. TheStreet downgraded Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. FIG Partners raised Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Finally, Cowen reissued a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a research note on Wednesday, November 22nd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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