Capstone Capital Wealth Advisors Takes Position in Terran Orbital Co. (NYSE:LLAP)

Capstone Capital Wealth Advisors bought a new stake in Terran Orbital Co. (NYSE:LLAP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,857,400 shares of the company's stock, valued at approximately $6,677,000. Terran Orbital makes up about 6.6% of Capstone Capital Wealth Advisors' portfolio, making the stock its 6th largest holding. Capstone Capital Wealth Advisors owned about 3.01% of Terran Orbital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in Terran Orbital by 94.3% during the second quarter. BlackRock Inc. now owns 5,539,261 shares of the company's stock worth $8,309,000 after buying an additional 2,688,569 shares in the last quarter. Armistice Capital LLC raised its position in Terran Orbital by 13.3% during the third quarter. Armistice Capital LLC now owns 17,364,285 shares of the company's stock worth $14,454,000 after acquiring an additional 2,039,285 shares during the last quarter. Bank of America Corp DE raised its position in Terran Orbital by 83.9% during the first quarter. Bank of America Corp DE now owns 1,709,756 shares of the company's stock worth $3,146,000 after acquiring an additional 780,249 shares during the last quarter. First Wilshire Securities Management Inc. acquired a new position in Terran Orbital during the third quarter worth about $578,000. Finally, Meteora Capital LLC acquired a new position in shares of Terran Orbital in the fourth quarter valued at approximately $569,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Terran Orbital Stock Performance

Terran Orbital stock traded up $0.06 during trading on Wednesday, reaching $1.26. The company had a trading volume of 4,160,858 shares, compared to its average volume of 3,683,223. Terran Orbital Co. has a 12-month low of $0.62 and a 12-month high of $2.04. The stock's 50 day moving average price is $1.00 and its two-hundred day moving average price is $0.94. The firm has a market capitalization of $244.05 million, a price-to-earnings ratio of -1.34 and a beta of 2.27.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LLAP. Stifel Nicolaus reissued a "buy" rating and issued a $7.00 price objective on shares of Terran Orbital in a research report on Tuesday. B. Riley cut their price objective on shares of Terran Orbital from $1.35 to $1.00 and set a "neutral" rating for the company in a research report on Monday, March 4th. Finally, HC Wainwright reissued a "buy" rating and issued a $3.00 price objective on shares of Terran Orbital in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.07.

Terran Orbital Profile

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industry in the United States. It operates through two segments, Satellite Solutions and Earth Observation Solutions. The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses.