Graticule Asia Macro Advisors Lowers stake in Orbital ATK Inc (OA)

Orbital ATK Inc (OA) : Graticule Asia Macro Advisors reduced its stake in Orbital ATK Inc by 60.4% during the most recent quarter end. The investment management company now holds a total of 119,902 shares of Orbital ATK Inc which is valued at $8,828,384 after selling 182,870 shares in Orbital ATK Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Orbital ATK Inc makes up approximately 3.62% of Graticule Asia Macro Advisors’s portfolio.

Other Hedge Funds, Including , Mastrapasqua Asset Management Inc boosted its stake in OA in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 11,350 shares of Orbital ATK Inc which is valued at $835,701. Orbital ATK Inc makes up approx 0.20% of Mastrapasqua Asset Management Inc’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in OA by selling 140,450 shares or 99.08% in the most recent quarter. The Hedge Fund company now holds 1,311 shares of OA which is valued at $96,529.Oppenheimerfunds reduced its stake in OA by selling 1,102 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 134,301 shares of OA which is valued at $9,888,583. Orbital ATK Inc makes up approx 0.01% of Oppenheimerfunds’s portfolio. Quantbot Technologies Lp added OA to its portfolio by purchasing 10,098 company shares during the most recent quarter which is valued at $875,194. Orbital ATK Inc makes up approx 0.09% of Quantbot Technologies Lp’s portfolio.Cibc World Markets boosted its stake in OA in the latest quarter, The investment management firm added 516 additional shares and now holds a total of 6,773 shares of Orbital ATK Inc which is valued at $590,809.

Orbital ATK Inc opened for trading at $76.1 and hit $77.46 on the upside on Thursday, eventually ending the session at $77.27, with a gain of 2.44% or 1.84 points. The heightened volatility saw the trading volume jump to 6,52,828 shares. Company has a market cap of $4,525 M.

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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