American Century Companies Inc. Sells 782,060 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

American Century Companies Inc. decreased its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,154,846 shares of the rocket manufacturer's stock after selling 782,060 shares during the period. American Century Companies Inc. owned 0.43% of Rocket Lab USA worth $54,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Rocket Lab USA by 12.2% during the third quarter. Geode Capital Management LLC now owns 8,253,035 shares of the rocket manufacturer's stock worth $80,317,000 after buying an additional 898,223 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Rocket Lab USA by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,902,212 shares of the rocket manufacturer's stock valued at $73,919,000 after purchasing an additional 23,855 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Rocket Lab USA by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,121,024 shares of the rocket manufacturer's stock valued at $28,552,000 after purchasing an additional 28,618 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Rocket Lab USA in the 4th quarter worth $21,896,000. Finally, Citigroup Inc. grew its position in Rocket Lab USA by 46.8% in the 3rd quarter. Citigroup Inc. now owns 691,387 shares of the rocket manufacturer's stock worth $6,727,000 after purchasing an additional 220,432 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab USA Price Performance

Shares of RKLB traded up $0.20 during mid-day trading on Friday, hitting $18.62. 25,420,347 shares of the company traded hands, compared to its average volume of 14,721,148. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of -50.32 and a beta of 2.06. The business has a 50-day moving average of $23.71 and a 200 day moving average of $19.74. Rocket Lab USA, Inc. has a one year low of $3.47 and a one year high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The firm had revenue of $132.39 million during the quarter, compared to the consensus estimate of $130.58 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. As a group, equities analysts expect that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. KeyCorp cut their price target on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Stifel Nicolaus upped their target price on Rocket Lab USA from $26.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of Rocket Lab USA from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Wells Fargo & Company dropped their price objective on shares of Rocket Lab USA from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of Rocket Lab USA from $12.00 to $13.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.06.

Insider Buying and Selling

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the transaction, the insider now directly owns 1,417,644 shares in the company, valued at approximately $28,253,644.92. This represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.70% of the company's stock.

Rocket Lab USA Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.