Glaxis Capital Management Exits Position in Orbital ATK Inc (OA)

Orbital ATK Inc (OA) : Glaxis Capital Management has sold out all of its stake in Orbital ATK Inc during the most recent quarter, according to the disclosure filed by the company on Apr 26, 2016 with the SEC. The investment management company has sold out 10,000 shares of Orbital ATK Inc which is valued at $870,000.

Orbital ATK Inc opened for trading at $86.99 and hit $87.68 on the upside on Monday, eventually ending the session at $87.11, with a gain of 0.13% or 0.11 points. The heightened volatility saw the trading volume jump to 6,00,551 shares. Company has a market cap of $5,108 M.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in OA by selling 1,797 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 47,057 shares of OA which is valued at $4,093,959. Orbital ATK Inc makes up approx 0.05% of Texas Permanent School Fund’s portfolio. Boston Advisors sold out all of its stake in OA during the most recent quarter. The investment firm sold 70,379 shares of OA which is valued $6,045,556.Churchill Management Corp reduced its stake in OA by selling 1,422 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 46,482 shares of OA which is valued at $4,053,230. Orbital ATK Inc makes up approx 0.28% of Churchill Management Corp’s portfolio.Santa Fe Partners reduced its stake in OA by selling 4,165 shares or 26.55% in the most recent quarter. The Hedge Fund company now holds 11,522 shares of OA which is valued at $1,004,718. Orbital ATK Inc makes up approx 0.16% of Santa Fe Partners’s portfolio.

On the company’s financial health, Orbital ATK Inc reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Oct 27, 2015. Analyst had a consensus of $1.10. The company had revenue of $1134.90 million for the quarter, compared to analysts expectations of $1089.36 million. The company’s revenue was up 52.7% compared to the same quarter last year.

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 was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Feb 8, 2016.

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.

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