Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE – Free Report) by 39.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,918 shares of the company’s stock after buying an additional 17,365 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Virgin Galactic were worth $149,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Capital Square LLC bought a new position in shares of Virgin Galactic during the 4th quarter valued at about $34,000. Optas LLC bought a new stake in Virgin Galactic during the fourth quarter worth approximately $31,000. Nisa Investment Advisors LLC grew its position in Virgin Galactic by 649.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 18,973 shares of the company’s stock worth $46,000 after buying an additional 16,443 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Virgin Galactic by 34.6% in the fourth quarter. Arizona State Retirement System now owns 97,500 shares of the company’s stock valued at $239,000 after buying an additional 25,085 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Virgin Galactic during the fourth quarter valued at $32,000. 46.62% of the stock is owned by institutional investors and hedge funds.
Virgin Galactic Trading Down 1.5 %
Virgin Galactic stock opened at $1.00 on Thursday. Virgin Galactic Holdings, Inc. has a one year low of $0.70 and a one year high of $6.17. The company’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.76. The company has a market capitalization of $398.12 million, a price-to-earnings ratio of -0.63 and a beta of 1.71. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.12 and a quick ratio of 5.03.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Virgin Galactic from $1.75 to $1.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Truist Financial lowered their target price on Virgin Galactic from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Finally, Susquehanna cut their price target on Virgin Galactic from $2.00 to $1.10 and set a “neutral” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.12.
Check Out Our Latest Stock Analysis on Virgin Galactic
Virgin Galactic Company Profile
Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.
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