Virgin Galactic Holdings, Inc. (NYSE:SPCE) Stock Holdings Lifted by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in Virgin Galactic Holdings, Inc. (NYSE:SPCE - Free Report) by 1,246.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 833,664 shares of the company's stock after buying an additional 771,749 shares during the quarter. Federated Hermes Inc. owned 2.89% of Virgin Galactic worth $4,902,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Virgin Galactic in the 4th quarter worth $715,000. Geode Capital Management LLC increased its stake in Virgin Galactic by 19.1% in the 4th quarter. Geode Capital Management LLC now owns 605,362 shares of the company's stock worth $3,561,000 after purchasing an additional 97,274 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Virgin Galactic by 29.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,368 shares of the company's stock worth $1,143,000 after purchasing an additional 42,883 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Virgin Galactic during the 4th quarter worth about $80,000. Finally, Franklin Resources Inc. purchased a new stake in Virgin Galactic during the third quarter valued at about $80,000. Institutional investors own 46.62% of the company's stock.

Wall Street Analyst Weigh In

SPCE has been the topic of a number of recent analyst reports. Susquehanna cut their price target 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. 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 research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $19.85.

Remove Ads

Virgin Galactic Stock Down 1.3 %

Shares of SPCE traded down $0.04 during trading hours on Tuesday, reaching $2.57. The company's stock had a trading volume of 1,117,668 shares, compared to its average volume of 1,857,892. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 1.15. The firm has a market cap of $91.13 million, a price-to-earnings ratio of -0.15 and a beta of 2.11. The company has a 50 day moving average of $3.53 and a two-hundred day moving average of $5.32. Virgin Galactic Holdings, Inc. has a 1-year low of $2.18 and a 1-year high of $28.20.

About Virgin Galactic

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.