5,175,000 Shares of York Space Systems Inc. $YSS Acquired by 71 West Capital Partners

71 West Capital Partners bought a new position in shares of York Space Systems Inc. (NYSE:YSS - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,175,000 shares of the company's stock, valued at approximately $44,764,000. York Space Systems accounts for 1.5% of 71 West Capital Partners' investment portfolio, making the stock its 17th largest position. 71 West Capital Partners owned 3.77% of York Space Systems as of its most recent SEC filing.

Several other large investors also recently modified their holdings of YSS. BlackRock Inc. raised its position in York Space Systems by 1.1% during the 2nd quarter. BlackRock Inc. now owns 19,212,689 shares of the company's stock valued at $473,016,000 after purchasing an additional 200,250 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of York Space Systems during the second quarter valued at approximately $45,381,000. Bank of America Corp DE increased its stake in shares of York Space Systems by 234.2% during the second quarter. Bank of America Corp DE now owns 370,425 shares of the company's stock valued at $9,120,000 after buying an additional 259,577 shares during the period. Nissay Asset Management Corp Japan bought a new position in shares of York Space Systems during the second quarter valued at approximately $8,497,000. Finally, Wellington Management Group LLP purchased a new stake in York Space Systems in the second quarter worth $4,231,000.

York Space Systems Trading Up 13.9%

Shares of YSS opened at $7.13 on Tuesday. York Space Systems Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $44.54. The firm's 50-day simple moving average is $7.58 and its two-hundred day simple moving average is $19.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.05 and a current ratio of 5.34.

York Space Systems (NYSE:YSS - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.12). The firm had revenue of $92.55 million during the quarter. Sell-side analysts forecast that York Space Systems Inc. will post -1.75 EPS for the current year.

Analyst Ratings Changes

YSS has been the topic of a number of research analyst reports. Guggenheim began coverage on shares of York Space Systems in a research report on Monday, September 14th. They set a "neutral" rating on the stock. Wall Street Zen cut shares of York Space Systems from a "hold" rating to a "sell" rating in a research report on Wednesday, August 5th. Canaccord Genuity Group downgraded shares of York Space Systems from a "buy" rating to a "hold" rating and decreased their price target for the stock from $36.00 to $13.50 in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered shares of York Space Systems from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $38.00 to $17.00 in a report on Monday, August 17th. Finally, Jefferies Financial Group reduced their target price on York Space Systems from $32.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, York Space Systems presently has an average rating of "Hold" and an average target price of $16.35.

York Space Systems Company Profile

York Space Systems is a space technology company that designs, manufactures and operates spacecraft and satellite systems. Its business focuses on providing standardized, scalable satellite platforms that can support communications, remote sensing, scientific missions and national security applications.

The company's product portfolio includes modular satellite buses, integrated spacecraft and mission systems, as well as related engineering, manufacturing and operational services. York's platforms are designed to accommodate different payloads and mission requirements, allowing customers to deploy constellations and other space-based capabilities more efficiently.

Founded in 2015, York Space Systems serves government and commercial customers and has developed spacecraft for missions in low Earth orbit and other orbital environments.

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