Blue Barn Wealth LLC Sells 120,100 Shares of Terran Orbital Co. (NYSE:LLAP)

Blue Barn Wealth LLC lessened its holdings in shares of Terran Orbital Co. (NYSE:LLAP) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,611,887 shares of the company’s stock after selling 120,100 shares during the period. Terran Orbital accounts for 2.6% of Blue Barn Wealth LLC’s portfolio, making the stock its 8th largest position. Blue Barn Wealth LLC owned 2.78% of Terran Orbital worth $4,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Simplicity Wealth LLC bought a new position in Terran Orbital during the 1st quarter worth approximately $34,000. Quadrature Capital Ltd acquired a new stake in Terran Orbital during the 4th quarter worth $36,000. Fifth Lane Capital LP bought a new position in Terran Orbital during the first quarter worth about $80,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Terran Orbital in the first quarter valued at about $158,000. Finally, Kovack Advisors Inc. raised its position in shares of Terran Orbital by 7.7% during the first quarter. Kovack Advisors Inc. now owns 140,000 shares of the company’s stock worth $183,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 85.03% of the company’s stock.

Terran Orbital Stock Performance

Shares of Terran Orbital stock opened at $0.24 on Friday. The firm has a market cap of $49.66 million, a PE ratio of -0.31 and a beta of 1.95. The business’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.92. Terran Orbital Co. has a 52-week low of $0.23 and a 52-week high of $1.62.

Terran Orbital (NYSE:LLAP) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). The business had revenue of $30.39 million during the quarter, compared to analyst estimates of $33.92 million. As a group, equities research analysts predict that Terran Orbital Co. will post -0.76 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. B. Riley lowered their target price on Terran Orbital from $1.00 to $0.50 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. HC Wainwright downgraded shares of Terran Orbital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.00 to $0.25 in a research report on Monday, August 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Terran Orbital in a research report on Wednesday, May 15th.

Terran Orbital Company Profile

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.