WINTON GROUP Ltd Invests $36.19 Million in Rocket Lab Corporation $RKLB

WINTON GROUP Ltd acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 356,000 shares of the rocket manufacturer’s stock, valued at approximately $36,187,000. Rocket Lab accounts for about 1.1% of WINTON GROUP Ltd’s holdings, making the stock its 8th biggest holding.

A number of other large investors have also recently bought and sold shares of the business. Mcguire Capital Advisors Inc. acquired a new position in Rocket Lab during the fourth quarter worth $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Rocket Lab in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Rocket Lab during the 4th quarter worth about $29,000. Finally, Reflection Asset Management acquired a new position in shares of Rocket Lab during the 4th quarter valued at about $30,000. 71.78% of the stock is currently owned by institutional investors.

Rocket Lab News Roundup

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Rocket Lab introduced its IMM Apex solar cell, which delivers 31.5% beginning-of-life efficiency, reduces cell weight by 40% and eliminates the need for germanium, a supply-constrained material. The product is designed as a drop-in replacement for existing solar cells, potentially supporting adoption and improving Rocket Lab’s space-systems revenue opportunity. Rocket Lab Introduces High-Efficiency Solar Cell
• Positive Sentiment: ARK Invest’s ARKX purchased 2,341 RKLB shares, worth approximately $154,000, adding a modest institutional endorsement to the solar-cell catalyst. ARK Invest Adds to Rocket Lab Stake
• Neutral Sentiment: Rocket Lab continues to benefit from strong revenue growth and approximately $2.4 billion in cash, giving it funding to develop Neutron. However, investors still lack a firm first-launch date, leaving the stock dependent on future execution. Rocket Lab Stock Climbs Yet Neutron Launch Date Remains Out of Reach
• Negative Sentiment: Neutron’s next expected milestone is delivery to the launch pad rather than an actual launch. The continued schedule uncertainty is weighing on investors who view the medium-lift rocket as central to Rocket Lab’s long-term growth story. Rocket Lab’s Next Neutron Milestone
• Negative Sentiment: Rocket Lab remains down significantly since its latest earnings report after missing the quarterly EPS estimate, despite beating revenue expectations. Analysts and investors are also cautious about the stock’s high valuation and ongoing losses. A broader space-sector selloff, partly triggered by a large SpaceX insider-share unlock, is adding pressure. Rocket Lab Down Since Earnings Report

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Berenberg Bank assumed coverage on Rocket Lab in a report on Wednesday, September 2nd. They set a “buy” rating and a $83.00 price target on the stock. Morgan Stanley reissued an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. KGI Securities upgraded shares of Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Monday, July 27th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.83.

Rocket Lab Price Performance

NASDAQ RKLB opened at $63.07 on Thursday. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The stock has a market capitalization of $37.74 billion, a PE ratio of -233.58 and a beta of 2.60. The stock has a 50-day simple moving average of $73.10 and a 200 day simple moving average of $84.67.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Research analysts anticipate that Rocket Lab Corporation will post -0.2 EPS for the current year.

Insider Buying and Selling

In related news, insider Marvin Clevenger sold 15,051 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the transaction, the insider owned 458,924 shares of the company’s stock, valued at approximately $31,954,878.12. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Agostino Ricupati sold 669 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $46,582.47. Following the completion of the sale, the chief accounting officer directly owned 26,863 shares of the company’s stock, valued at approximately $1,870,470.69. This trade represents a 2.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 3,624,371 shares of company stock valued at $312,944,881 in the last ninety days. Company insiders own 8.40% of the company’s stock.

Rocket Lab Profile

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab’s Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.