Lindbrook Capital LLC made a new investment of $99,000 in Virgin Galactic Holdings, Inc. (NYSE: SPCE)


Lindbrook Capital LLC acquired a new position in shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE – Get Rating ) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in Virgin Galactic by 1,128.0% during the first quarter. AdvisorNet Financial Inc now owns 3,070 shares of the company’s stock valued at $30,000 after buying an additional 2,820 shares during the period. Itau Unibanco Holding SA boosted its stake in Virgin Galactic by 73.6% during the fourth quarter. Itau Unibanco Holding SA now owns 3,086 shares of the company’s stock valued at $43,000 after buying an additional 1,308 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Virgin Galactic by 42.4% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,200 shares of the company’s stock valued at $56,000 after purchasing an additional 1,250 shares during the period. Captrust Financial Advisors boosted its stake in Virgin Galactic by 26.5% in the third quarter. Captrust Financial Advisors now owns 3,019 shares of the company’s stock valued at $76,000 after buying an additional 633 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Virgin Galactic by 189.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,671 shares of the company’s stock valued at $76,000 after buying an additional 3,711 shares during the period. Institutional investors own 29.70% of the company’s shares.

SPCE has been the subject of several research reports. Truist Financial downgraded shares of Virgin Galactic from a “buy” rating to a “hold” rating and cut their target price for the stock from $24.00 to $8.00 in a research note on Monday, May 9th. Canaccord Genuity Group cut shares of Virgin Galactic from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $8.00 in a research report on Friday, May 6th. Wells Fargo & Company began coverage on shares of Virgin Galactic in a research report on Tuesday, June 21st. They set an “underweight” rating and a $4.00 target price on the stock. Finally, Canaccord Genuity Group cut shares of Virgin Galactic from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $8.00 in a research report on Friday, May 6th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Virgin Galactic presently has an average rating of “Hold” and an average price target of $15.92, according to MarketBeat .

SPCE opened at $6.28 on Monday. The stock has a market cap of $1.62 billion, a PE ratio of -4.55 and a beta of 0.62. The firm’s fifty day moving average is $6.69 and its 200 day moving average is $8.73. The company has a debt-to-equity ratio of 0.55, a current ratio of 6.65, and a quick ratio of 6.44. Virgin Galactic Holdings, Inc. has a 12-month low of $5.14 and a 12-month high of $54.40.

Virgin Galactic (NYSE: SPCE – Get Rating ) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The company had revenue of $0.32 million during the quarter, compared to analyst estimates of $0.11 million. Virgin Galactic had a negative net margin of 8,758.29% and a negative return on equity of 41.32%. The company’s revenue increased by 3090.0% year-on-year. During the same period in the prior year, the company earned ($0.55) earnings per share. On average, equities analysts predict that Virgin Galactic Holdings, Inc. will report -1.51 EPS for the current fiscal year.

Virgin Galactic profile (Get Rating)

Virgin Galactic Holdings, Inc focuses on the development, manufacture and operation of spacecraft and related technologies to conduct commercial human spaceflight and fly commercial research and development payloads into space. It is also involved in ground and flight testing and post-flight maintenance of its space flight vehicles.

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Institutional Ownership by Quarter for Virgin Galactic (NYSE: SPCE )



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