XTX Topco Ltd Buys New Shares in Virgin Galactic Holdings, Inc. (NYSE:SPCE)

XTX Topco Ltd bought a new stake in shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 30,050 shares of the company’s stock, valued at approximately $177,000. XTX Topco Ltd owned about 0.10% of Virgin Galactic at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its stake in shares of Virgin Galactic by 97.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,943 shares of the company’s stock valued at $47,000 after buying an additional 3,916 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Virgin Galactic during the 3rd quarter worth about $70,000. Summit Securities Group LLC bought a new position in Virgin Galactic during the 4th quarter valued at about $71,000. Corebridge Financial Inc. grew its stake in Virgin Galactic by 28.8% during the fourth quarter. Corebridge Financial Inc. now owns 13,172 shares of the company’s stock worth $77,000 after buying an additional 2,942 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Virgin Galactic during the fourth quarter worth approximately $80,000. 46.62% of the stock is currently owned by institutional investors and hedge funds.

Virgin Galactic Price Performance

SPCE opened at $3.06 on Tuesday. The company has a fifty day moving average price of $3.20 and a two-hundred day moving average price of $5.09. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.52 and a current ratio of 4.52. Virgin Galactic Holdings, Inc. has a 52 week low of $2.18 and a 52 week high of $28.20. The firm has a market capitalization of $108.72 million, a PE ratio of -0.18 and a beta of 2.11.

Analyst Ratings Changes

Several research firms have recently weighed in on SPCE. The Goldman Sachs Group dropped their price objective on shares of Virgin Galactic from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Susquehanna lowered their price target on shares of Virgin Galactic from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.85.

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.