Terran Orbital (NYSE:LLAP – Get Rating) will be releasing its earnings data before the market opens on Tuesday, March 21st. Analysts expect Terran Orbital to post earnings of ($0.21) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Terran Orbital Trading Down 8.1 %
Shares of LLAP opened at $1.94 on Tuesday. The stock has a 50-day simple moving average of $1.98 and a 200-day simple moving average of $2.34. Terran Orbital has a 1 year low of $1.29 and a 1 year high of $12.69.
Wall Street Analyst Weigh In
Separately, Benchmark dropped their price objective on Terran Orbital from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Terran Orbital has an average rating of “Buy” and a consensus target price of $11.14.
Hedge Funds Weigh In On Terran Orbital
Large investors have recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in Terran Orbital in the 1st quarter valued at about $29,000. American International Group Inc. lifted its position in Terran Orbital by 71.1% during the fourth quarter. American International Group Inc. now owns 19,454 shares of the company’s stock worth $31,000 after acquiring an additional 8,084 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Terran Orbital during the fourth quarter worth approximately $32,000. JPMorgan Chase & Co. lifted its position in Terran Orbital by 119.7% during the fourth quarter. JPMorgan Chase & Co. now owns 28,364 shares of the company’s stock worth $45,000 after acquiring an additional 15,455 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Terran Orbital during the third quarter worth approximately $64,000. 76.83% of the stock is currently owned by institutional investors and hedge funds.
Terran Orbital Company Profile
Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions.
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