Randolph Co Inc adds Orbital ATK Inc (OA) to its portfolio

Orbital ATK Inc (OA) : Randolph Co Inc added new position in Orbital ATK Inc during the most recent quarter end. The investment management firm now holds 70,275 shares of Orbital ATK Inc which is valued at $5,210,891 , the company said in a statement filed on Oct 7, 2016 with the SEC.Orbital ATK Inc makes up approximately 1.33% of Randolph Co Inc’s portfolio.

Other Hedge Funds, Including , Simplex Trading added OA to its portfolio by purchasing 275 company shares during the most recent quarter which is valued at $20,391. Independent Portfolio Consultants added OA to its portfolio by purchasing 2,445 company shares during the most recent quarter which is valued at $184,842. Orbital ATK Inc makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in OA by selling 17,785 shares or 69.07% in the most recent quarter. The Hedge Fund company now holds 7,965 shares of OA which is valued at $602,154.Eqis Capital Management reduced its stake in OA by selling 879 shares or 13.67% in the most recent quarter. The Hedge Fund company now holds 5,551 shares of OA which is valued at $419,656. Orbital ATK Inc makes up approx 0.03% of Eqis Capital Management’s portfolio.Harbour Capital Advisors boosted its stake in OA in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 4,825 shares of Orbital ATK Inc which is valued at $364,770. Orbital ATK Inc makes up approx 0.20% of Harbour Capital Advisors’s portfolio.

Orbital ATK Inc closed down -1.16 points or -1.54% at $74.15 with 5,44,752 shares getting traded on Friday. Post opening the session at $75.1, the shares hit an intraday low of $74 and an intraday high of $75.29 and the price fluctuated in this range throughout the day.Shares ended Friday 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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