Newbrook Capital Advisors Lp buys $65.5 Million stake in Orbital ATK Inc (OA)

Orbital ATK Inc (OA) : Newbrook Capital Advisors Lp scooped up 544,621 additional shares in Orbital ATK Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 750,553 shares of Orbital ATK Inc which is valued at $65.5 Million.Orbital ATK Inc makes up approximately 9.02% of Newbrook Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , London Co Of Virginia reduced its stake in OA by selling 112,591 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 3,132,555 shares of OA which is valued at $273.2 Million. Orbital ATK Inc makes up approx 2.25% of London Co Of Virginia’s portfolio. Fuller Thaler Asset Management added OA to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $52,332. Bluecrest Capital Management Ltd sold out all of its stake in OA during the most recent quarter. The investment firm sold 2,713 shares of OA which is valued $231,582.Aperio Group reduced its stake in OA by selling 37 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 18,356 shares of OA which is valued at $1.6 Million. Orbital ATK Inc makes up approx 0.01% of Aperio Group’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.

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