Terra Nova Asset Management adds Orbital ATK Inc (OA) to its portfolio

Orbital ATK Inc (OA) : Terra Nova Asset Management added new position in Orbital ATK Inc during the most recent quarter end. The investment management firm now holds 7,927 shares of Orbital ATK Inc which is valued at $577,561 , the company said in a statement filed on Oct 12, 2016 with the SEC.Orbital ATK Inc makes up approximately 1.28% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Eagle Boston Investment Management Inc boosted its stake in OA in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 22,373 shares of Orbital ATK Inc which is valued at $1,630,097. Orbital ATK Inc makes up approx 0.21% of Eagle Boston Investment Management Inc’s portfolio. Cutler Group Lp added OA to its portfolio by purchasing 2,001 company shares during the most recent quarter which is valued at $148,834. Orbital ATK Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in OA in the latest quarter, The investment management firm added 404 additional shares and now holds a total of 20,252 shares of Orbital ATK Inc which is valued at $1,506,344. Orbital ATK Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio. Simplex Trading added OA to its portfolio by purchasing 275 company shares during the most recent quarter which is valued at $20,391.Advisory Services Network reduced its stake in OA by selling 335 shares or 68.09% in the most recent quarter. The Hedge Fund company now holds 157 shares of OA which is valued at $11,642.

Orbital ATK Inc closed down -1.52 points or -2.04% at $72.86 with 4,90,985 shares getting traded on Tuesday. Post opening the session at $73.97, the shares hit an intraday low of $72.45 and an intraday high of $74.59 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Orbital ATK Inc. Deutsche Bank Initiated Orbital ATK Inc on Sep 1, 2016 to “Buy”, Price Target of the shares are set at $100.Orbital ATK Inc was Upgraded by Wells Fargo to ” Outperform” on Aug 23, 2016. Orbital ATK Inc was Downgraded by Argus to ” Hold” on Aug 23, 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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