Farther Finance Advisors LLC Trims Stake in Terran Orbital Co. (NYSE:LLAP)

Farther Finance Advisors LLC cut its holdings in Terran Orbital Co. (NYSE:LLAP) by 26.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 213,000 shares of the company’s stock after selling 75,043 shares during the period. Farther Finance Advisors LLC’s holdings in Terran Orbital were worth $54,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bernardo Wealth Planning LLC raised its holdings in Terran Orbital by 6.6% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 237,861 shares of the company’s stock valued at $195,000 after acquiring an additional 14,700 shares during the last quarter. Rhumbline Advisers raised its holdings in Terran Orbital by 85.5% in the 2nd quarter. Rhumbline Advisers now owns 203,769 shares of the company’s stock valued at $167,000 after acquiring an additional 93,925 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Terran Orbital during the 1st quarter worth $158,000. Gabelli Funds LLC increased its holdings in shares of Terran Orbital by 616.5% during the 1st quarter. Gabelli Funds LLC now owns 149,181 shares of the company’s stock worth $195,000 after buying an additional 128,361 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Terran Orbital by 63.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 430,060 shares of the company’s stock worth $353,000 after buying an additional 166,978 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LLAP has been the subject of a number of research analyst reports. HC Wainwright downgraded Terran Orbital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $3.00 to $0.25 in a report on Monday, August 19th. B. Riley dropped their price objective on Terran Orbital from $1.00 to $0.50 and set a “neutral” rating for the company in a report on Tuesday, August 13th.

Terran Orbital Stock Performance

Shares of NYSE LLAP opened at $0.25 on Thursday. Terran Orbital Co. has a 12-month low of $0.23 and a 12-month high of $1.62. The company has a market cap of $51.09 million, a P/E ratio of -0.32 and a beta of 1.95. The stock has a fifty day moving average price of $0.25 and a 200 day moving average price of $0.58.

Terran Orbital (NYSE:LLAP) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.19). The company had revenue of $30.39 million during the quarter, compared to analyst estimates of $33.92 million. On average, sell-side analysts forecast that Terran Orbital Co. will post -0.76 EPS for the current fiscal year.

About Terran Orbital

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.