Orbital ATK Inc (OA) : Corsair Capital Management reduced its stake in Orbital ATK Inc by 20.55% during the most recent quarter end. The investment management company now holds a total of 429,377 shares of Orbital ATK Inc which is valued at $37.5 Million after selling 111,089 shares in Orbital ATK Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Orbital ATK Inc makes up approximately 5.12% of Corsair Capital Management’s portfolio.
Other Hedge Funds, Including , Meeder Asset Management Inc boosted its stake in OA in the latest quarter, The investment management firm added 3,089 additional shares and now holds a total of 3,457 shares of Orbital ATK Inc which is valued at $301,520. Orbital ATK Inc makes up approx 0.03% of Meeder Asset Management Inc’s portfolio.First Interstate Bank boosted its stake in OA in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 1,141 shares of Orbital ATK Inc which is valued at $99,518. Orbital ATK Inc makes up approx 0.02% of First Interstate Bank’s portfolio.
Orbital ATK Inc closed down -0.05 points or -0.06% at $88.3 with 3,83,794 shares getting traded on Wednesday. Post opening the session at $88.39, the shares hit an intraday low of $87.89 and an intraday high of $88.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Orbital ATK Inc reported $1.31 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $1.31. The company had revenue of $1065.00 million for the quarter, compared to analysts expectations of $1144.05 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.
Investors should note that on May 4, 2016, Orbital ATK Inc announced a cash dividend of $0.3000. The company’s management has announced Jun 6, 2016 as the ex-dividend date and fixed the record date on Jun 8, 2016. The payable date has been fixed on Jun 23, 2016.
Many Wall Street Analysts have commented on Orbital ATK Inc. Shares were Reiterated by Stifel on Mar 2, 2016 to “Buy” and Lowered the Price Target to $ 95 from a previous price target of $100 .
Orbital ATK Inc. formerly Alliant Techsystems Inc. is an aerospace and defense company. The Company designs builds and delivers space defense and aviation-related systems. The Company operates through three business segments: Flight Systems Group which develops rockets that are used as small- and medium-class space launch vehicles; Defense Systems Group which develops and produces military small- medium- and large-caliber ammunition small-caliber commercial ammunition propulsion systems strike weapons precision weapons and munitions gun systems aircraft survivability systems fuzes and warheads and special mission aircraft and Space Systems Group which develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting conduct space-related scientific research and perform other activities related to national security.