BlackRock Inc. Purchases 200,250 Shares of York Space Systems Inc. $YSS

Key Points

• BlackRock increased its York Space Systems stake by 200,250 shares in the second quarter, bringing its holdings to 19.21 million shares, or 14.81% of the company.
• Analyst sentiment is mixed: York Space Systems has a consensus “Hold” rating and an average price target of $23.75, while several firms recently downgraded the stock or cut their targets.
• York Space Systems reported a quarterly loss of $0.31 per share, missing the $0.19 consensus estimate. The stock opened at $9.75, near its one-year low of $8.89, while insiders have sold more than 655,000 shares over the past 90 days.

BlackRock Inc. boosted its position in shares of York Space Systems Inc. (NYSE:YSS - Free Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,212,689 shares of the company's stock after acquiring an additional 200,250 shares during the period. BlackRock Inc. owned 14.81% of York Space Systems worth $473,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Persistent Asset Partners Ltd purchased a new stake in shares of York Space Systems during the second quarter worth about $53,000. Deutsche Bank AG increased its holdings in shares of York Space Systems by 66.6% during the second quarter. Deutsche Bank AG now owns 19,019 shares of the company's stock valued at $468,000 after acquiring an additional 7,603 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of York Space Systems in the 2nd quarter valued at approximately $1,162,000.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Raymond James Financial downgraded shares of York Space Systems from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. Truist Financial decreased their price target on shares of York Space Systems from $26.00 to $14.00 and set a "hold" rating for the company in a report on Thursday. Weiss Ratings reiterated a "sell (d)" rating on shares of York Space Systems in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of York Space Systems from a "hold" rating to a "sell" rating in a report on Wednesday, August 5th. Finally, Citigroup upped their target price on York Space Systems from $31.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, York Space Systems presently has a consensus rating of "Hold" and an average target price of $23.75.

Insider Activity at York Space Systems

In other news, major shareholder Blackrock Portfolio Management sold 200,170 shares of York Space Systems stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $10.99, for a total transaction of $2,199,868.30. Following the completion of the transaction, the insider directly owned 16,517,115 shares of the company's stock, valued at $181,523,093.85. The trade was a 1.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 655,215 shares of company stock worth $8,390,822.

York Space Systems Stock Performance

NYSE:YSS opened at $9.75 on Tuesday. The firm has a fifty day simple moving average of $18.65. The stock has a market capitalization of $1.34 billion and a price-to-earnings ratio of -16.53. 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 Inc. has a one year low of $8.89 and a one year high of $44.54.

York Space Systems (NYSE:YSS - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.12). The business had revenue of $92.55 million during the quarter. As a group, equities research analysts predict that York Space Systems Inc. will post -0.98 earnings per share for the current fiscal year.

About York Space Systems

York Space Systems is a leading, U.S.-based, space and defense prime(1) providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers. York is one of the only space and defense primes with proprietary hardware and software capabilities designed to address customers' complex mission requirements across the critical elements of the entire space ecosystem throughout the mission lifecycle. York is the number one provider to the U.S. Department of Defense's (“DoD”) Proliferated Warfighter Space Architecture (“PWSA”) by number of spacecraft operating in-orbit, by number of contracts, and by variety of contract types as of September 2025.

Want to see what other hedge funds are holding YSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for York Space Systems Inc. (NYSE:YSS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source