York Space Systems (NYSE:YSS) Trading Up 7% - Should You Buy?

Key Points

• York Space Systems shares rose 7% to about $9.15, although trading volume was 91% below the daily average.
• Analyst sentiment remains cautious: the stock has an overall “Hold” rating, with a consensus price target of $17.59, while recent actions included a downgrade to “market perform” and a new “neutral” rating.
• The company reported a quarterly EPS loss of $0.31, missing estimates by $0.12, and insiders sold roughly $8.4 million of shares over the past 90 days.

Shares of York Space Systems Inc. (NYSE:YSS - Get Free Report) traded up 7% during mid-day trading on Monday . The company traded as high as $9.20 and last traded at $9.1490. Approximately 221,596 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,335,908 shares. The stock had previously closed at $8.55.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James Financial lowered York Space Systems from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $14.00 target price on shares of York Space Systems in a research note on Tuesday, August 25th. Weiss Ratings reiterated a "sell (d)" rating on shares of York Space Systems in a report on Wednesday, August 12th. Robert W. Baird set a $16.00 price target on shares of York Space Systems in a report on Monday, August 17th. Finally, Guggenheim initiated coverage on shares of York Space Systems in a research report on Monday, September 14th. They set a "neutral" rating on the stock. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.59.

York Space Systems Stock Performance

The company has a current ratio of 5.34, a quick ratio of 5.05 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.33 billion and a price-to-earnings ratio of -16.36. The stock's fifty day simple moving average is $12.16 and its 200-day simple moving average is $22.41.

York Space Systems (NYSE:YSS - Get Free Report) last announced its quarterly earnings data 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. Analysts predict that York Space Systems Inc. will post -1.73 EPS for the current year.

Insider Buying and Selling at York Space Systems

In other news, major shareholder Blackrock Portfolio Management sold 200,170 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $10.99, for a total value of $2,199,868.30. Following the completion of the sale, the insider directly owned 16,517,115 shares of the company's stock, valued at approximately $181,523,093.85. This represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 655,215 shares of company stock valued at $8,390,822.

Hedge Funds Weigh In On York Space Systems

A number of large investors have recently bought and sold shares of YSS. Persistent Asset Partners Ltd purchased a new position in shares of York Space Systems in the 2nd quarter valued at about $53,000. IFP Advisors Inc purchased a new stake in York Space Systems during the second quarter worth about $83,000. Denver PWM LLC purchased a new stake in York Space Systems during the second quarter worth about $164,000. The Manufacturers Life Insurance Company acquired a new position in York Space Systems during the second quarter worth about $350,000. Finally, Integrated Wealth Concepts LLC purchased a new position in York Space Systems in the second quarter valued at about $355,000.

About York Space Systems

York Space Systems is a U.S. aerospace company that designs, manufactures and operates spacecraft and satellite systems. The company focuses on delivering integrated space-based infrastructure for government and commercial customers, with an emphasis on scalable satellite production and responsive deployment.

Its product portfolio includes standardized satellite platforms, spacecraft buses and mission-specific satellite systems designed to support communications, Earth observation, remote sensing, data relay and other space-based applications.

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