The New Kingstown Capital Partners Holding in Aerojet Rocketdyne Holdings, Inc
Kingstown Capital Partners filed with the SEC SC 13G form for Aerojet Rocketdyne Holdings, Inc. The form can be accessed here: 000101359416001264. As reported in Kingstown Capital Partners’s form, the filler as of late owns 4.3% or 3,000,000 shares of the Industrials–company.
Aerojet Rocketdyne Holdings, Inc stake is a new one for the and it was filed because of activity on August 19, 2016. We feel this shows Kingstown Capital Partners’s positive view for the stock.
Aerojet Rocketdyne Holdings, Inc., formerly GenCorp, Inc., is a manufacturer of aerospace and defense products and systems. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long-range weapon systems applications. The Company operates in two segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment consists of the operations of Aerojet Rocketdyne, Inc., 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, National Aeronautics and Space Administration, 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, which is engaged in activities related to the re-zoning, entitlement, sale and leasing of excess real estate assets.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
The stock closed at $20.8 during the last session. It is down 6.00% since September 11, 2016 and is uptrending. It has underperformed by 3.32% the S&P500.
Aerojet Rocketdyne Holdings, Inc., formerly GenCorp, Inc., is a maker of aerospace and defense products and systems. The company has a market cap of $1.34 billion. The Firm develops and makes propulsion systems for defense and space applications, and armaments for precision tactical and long-range weapon systems applications. It currently has negative earnings. The Firm operates in two divisions: Aerospace and Defense, and Real Estate.
More notable recent Aerojet Rocketdyne Holdings Inc (NYSE:GY) news were published by: Latimes.com which released: “Aerojet Rocketdyne move to El Segundo adds to SoCal’s growing aerospace community” on June 21, 2016, also Prnewswire.com with their article: “Aerojet Rocketdyne Holdings, Inc. Announces Redemption Notification for 2¼ …” published on September 29, 2016, Quotes.Wsj.com published: “News Aerojet Rocketdyne Holdings Inc.AJRD” on April 27, 2015. More interesting news about Aerojet Rocketdyne Holdings Inc (NYSE:GY) were released by: Fool.com and their article: “Why Aerojet Rocketdyne Holdings, Inc. Shares Crashed 11% in December” published on January 07, 2016 as well as Sacbee.com‘s news article titled: “Aerojet Rocketdyne to move corporate headquarters to El Segundo” with publication date: May 16, 2016.
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