GABELLI & Co INVESTMENT ADVISERS INC. Makes New $158,000 Investment in Terran Orbital Co. (NYSE:LLAP)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Terran Orbital Co. (NYSE:LLAP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 120,500 shares of the company’s stock, valued at approximately $158,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.06% of Terran Orbital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Gabelli Funds LLC lifted its position 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 valued at $195,000 after buying an additional 128,361 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Terran Orbital by 63.6% during the 1st quarter. Vanguard Group Inc. now owns 7,298,862 shares of the company’s stock valued at $9,562,000 after buying an additional 2,837,638 shares during the last quarter. Legacy Capital Group California Inc. purchased a new position in shares of Terran Orbital during the 1st quarter valued at $754,000. Fifth Lane Capital LP purchased a new position in shares of Terran Orbital during the 1st quarter valued at $80,000. Finally, Simplicity Wealth LLC purchased a new position in shares of Terran Orbital during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Terran Orbital Stock Performance

Shares of Terran Orbital stock remained flat at $0.71 during trading on Friday. The stock had a trading volume of 4,995,621 shares, compared to its average volume of 4,337,453. The company has a market capitalization of $143.23 million, a PE ratio of -0.89 and a beta of 2.04. The business has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $1.01. Terran Orbital Co. has a 12-month low of $0.62 and a 12-month high of $1.62.

Terran Orbital (NYSE:LLAP) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm had revenue of $27.24 million during the quarter, compared to analysts’ expectations of $41.67 million. During the same quarter in the previous year, the business earned ($0.31) EPS. As a group, sell-side analysts expect that Terran Orbital Co. will post -0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LLAP shares. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Terran Orbital in a report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $7.00 price objective on shares of Terran Orbital in a report on Wednesday, May 15th.

Terran Orbital Company Profile

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.