Company shares last traded at $22.37 just a bit higher than the 50 day moving average which is $21.11 and which is marginally higher than the 200 day moving average of $20.36. The 50 day moving average moved up $1.26 and the 200 day average moved up $2.01. Trading was heavy with 461K shares changing hands on Thursday. Shares saw a steep increase in trading volume of 110.82% over the normal average daily volume.
There has been some selling insider activity on Aerojet Rocketdyne Holdings, In (NYSE:AJRD) recently. Director Martin Turchin sold 10,000 shares at an average price of $20.45 on November 17th. That brings the Director’s holdings to $1,744,978 per an SEC filing yesterday.
Here are a few other firms who have also updated their positions. As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 280 shares trimming its position 73.7%. The value of the total investment in Aerojet Rocketdyne Holdings, In decreased from $7,000 to $2,000 a change of 71.4% since the last quarter. Goldman Sachs Group Inc divested its holdings by shedding 176,153 shares a decrease of 94.4% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc claims 10,412 shares valued at $226,000. The total value of its holdings decreased 93.3%.
New South Capital Management Inc reduced its ownership by selling 1,063 shares a decrease of 1.5%. New South Capital Management Inc currently owns 70,892 shares with a value of $1,538,000. The value of the position overall is up by 19.0%. Hightower Advisors, LLC downsized its investment by shedding 1,296 shares a decrease of 2.0% in the quarter. Hightower Advisors, LLC controls 64,211 shares worth $1,397,000. The value of the position overall is up by 18.9%.
The company is so far trading up by 1.73 percent from yesterday’s close. The P/E ratio is currently 82.85 and the market cap of the company is 1.67B. As of the last earnings report the EPS was $0.27 and is projected to be $0.74 for the current year with 74,500,000 shares presently outstanding. Next quarter’s EPS is expected be $0.22 with next year’s EPS anticipated to be $0.96.
Aerojet Rocketdyne Holdings, Inc., launched on April 11, 2014, is a manufacturer of aerospace and defense products and systems. The Company operates in two segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment consists of the operations of the Business’s subsidiary, Aerojet Rocketdyne, Inc. (Aerojet Rocketdyne), which is a technology-based designer, developer and manufacturer of aerospace and defense products and systems for the United States government, including the Department of Defense (DoD), the National Aeronautics and Space Administration (NASA), aerospace and defense prime contractors, as well as portions of the commercial sector. The Real Estate segment includes the activities of its subsidiary Easton Development Company, LLC (Easton) related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets..