Terran Orbital Co. (NYSE:LLAP) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in shares of Terran Orbital Co. (NYSE:LLAP) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,000 shares of the company’s stock after selling 75,043 shares during the period. Farther Finance Advisors LLC owned approximately 0.10% of Terran Orbital worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in Terran Orbital by 85.5% during the 2nd quarter. Rhumbline Advisers now owns 203,769 shares of the company’s stock worth $167,000 after purchasing an additional 93,925 shares during the period. Bank of New York Mellon Corp increased its position in 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 purchasing an additional 166,978 shares during the period. Bernardo Wealth Planning LLC increased its position in Terran Orbital by 6.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 237,861 shares of the company’s stock worth $195,000 after purchasing an additional 14,700 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Terran Orbital during the 1st quarter worth approximately $158,000. Finally, Gabelli Funds LLC boosted its stake 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 acquiring an additional 128,361 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Terran Orbital Price 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 business’s 50 day simple moving average is $0.25 and its 200-day simple moving average is $0.58. The firm has a market capitalization of $51.09 million, a price-to-earnings ratio of -0.32 and a beta of 1.95.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LLAP. B. Riley decreased their price target on Terran Orbital from $1.00 to $0.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. HC Wainwright lowered Terran Orbital from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.00 to $0.25 in a research note on Monday, August 19th.

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.