Wipfli Financial Advisors LLC Purchases Shares of 7,530 Virgin Galactic Holdings, Inc. (NYSE:SPCE)

Wipfli Financial Advisors LLC purchased a new stake in Virgin Galactic Holdings, Inc. (NYSE:SPCEGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,530 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Benedetti & Gucer Inc. acquired a new position in Virgin Galactic in the 3rd quarter valued at approximately $210,000. Mizuho Markets Americas LLC acquired a new position in Virgin Galactic in the 3rd quarter valued at approximately $3,372,000. Strategic Wealth Investment Group LLC increased its position in Virgin Galactic by 21.2% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 91,863 shares of the company’s stock valued at $433,000 after acquiring an additional 16,047 shares during the period. Verition Fund Management LLC acquired a new position in Virgin Galactic in the 2nd quarter valued at approximately $266,000. Finally, Prelude Capital Management LLC acquired a new position in Virgin Galactic in the 2nd quarter valued at approximately $67,000. 32.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPCE shares. Wolfe Research started coverage on shares of Virgin Galactic in a research report on Monday, October 10th. They set an “underperform” rating and a $4.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Virgin Galactic from $3.25 to $3.00 and set an “underweight” rating for the company in a research report on Monday, November 7th. Jefferies Financial Group decreased their price objective on shares of Virgin Galactic from $14.00 to $11.00 in a research report on Monday, November 7th. Finally, Morgan Stanley started coverage on shares of Virgin Galactic in a research report on Tuesday, January 10th. They set an “equal weight” rating and a $4.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $7.08.

Virgin Galactic Stock Down 12.2 %

Shares of NYSE SPCE opened at $4.91 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of -2.98 and a beta of 0.95. Virgin Galactic Holdings, Inc. has a 12-month low of $3.24 and a 12-month high of $11.25. The company’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $5.42. The company has a quick ratio of 6.23, a current ratio of 6.37 and a debt-to-equity ratio of 0.68.

Virgin Galactic (NYSE:SPCEGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.15). The company had revenue of $0.77 million for the quarter. Virgin Galactic had a negative return on equity of 59.12% and a negative net margin of 27,154.61%. As a group, sell-side analysts forecast that Virgin Galactic Holdings, Inc. will post -1.88 earnings per share for the current fiscal year.

Virgin Galactic Profile

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

See Also

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

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