MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $87,000 Stock Position in Virgin Galactic Holdings, Inc. (NYSE:SPCE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE) by 41.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,846 shares of the company’s stock after buying an additional 4,381 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Virgin Galactic worth $87,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in Virgin Galactic by 1,246.5% during the 4th quarter. Federated Hermes Inc. now owns 833,664 shares of the company’s stock worth $4,902,000 after buying an additional 771,749 shares during the period. Raymond James Financial Inc. acquired a new stake in Virgin Galactic during the 4th quarter worth approximately $715,000. Bank of New York Mellon Corp raised its holdings in Virgin Galactic by 6.8% during the 4th quarter. Bank of New York Mellon Corp now owns 60,688 shares of the company’s stock worth $357,000 after buying an additional 3,888 shares during the period. Rhumbline Advisers raised its holdings in Virgin Galactic by 19.4% during the 4th quarter. Rhumbline Advisers now owns 33,205 shares of the company’s stock worth $195,000 after buying an additional 5,384 shares during the period. Finally, Northern Trust Corp raised its holdings in Virgin Galactic by 39.6% during the 4th quarter. Northern Trust Corp now owns 222,753 shares of the company’s stock worth $1,310,000 after buying an additional 63,141 shares during the period. 46.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPCE shares. The Goldman Sachs Group lowered their price objective on shares of Virgin Galactic from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Jefferies Financial Group lowered their price objective on shares of Virgin Galactic from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, May 16th. Finally, Susquehanna lowered their price objective on shares of Virgin Galactic from $4.00 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, March 13th.

Virgin Galactic Price Performance

NYSE SPCE opened at $3.11 on Tuesday. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 1.15. Virgin Galactic Holdings, Inc. has a 12-month low of $2.18 and a 12-month high of $18.77. The company has a market capitalization of $129.09 million, a PE ratio of -0.18 and a beta of 2.10. The firm’s 50 day moving average is $3.04 and its 200-day moving average is $4.46.

Virgin Galactic (NYSE:SPCE) last issued its earnings results on Thursday, May 15th. The company reported ($2.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.23) by ($0.15). The firm had revenue of $0.46 million for the quarter, compared to analyst estimates of $0.33 million. Virgin Galactic had a negative return on equity of 88.09% and a negative net margin of 3,975.27%. Equities research analysts anticipate that Virgin Galactic Holdings, Inc. will post -16.05 earnings per share for the current fiscal year.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.