Newbrook Capital Advisors Lp buys $55,263,217 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 Aug 15, 2016. The investment management firm now holds a total of 750,553 shares of Orbital ATK Inc which is valued at $55,263,217.Orbital ATK Inc makes up approximately 7.36% of Newbrook Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in OA during the most recent quarter. The investment firm sold 51,694 shares of OA which is valued $3,806,229.Allianz Asset Management Ag reduced its stake in OA by selling 7,410 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 741,561 shares of OA which is valued at $54,601,136. Orbital ATK Inc makes up approx 0.08% of Allianz Asset Management Ag’s portfolio. Tlp Group added OA to its portfolio by purchasing 170 company shares during the most recent quarter which is valued at $14,841. Orbital ATK Inc makes up approx 0.01% of Tlp Group’s portfolio.Narwhal Capital Management boosted its stake in OA in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 12,970 shares of Orbital ATK Inc which is valued at $1,126,963. Orbital ATK Inc makes up approx 0.34% of Narwhal Capital Management’s portfolio.

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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