York Space Systems downgraded to “Sell” as BlackRock trims holdings

Wall Street Zen lowered York Space Systems (NYSE:YSS) from a “hold” to a “sell” rating, joining a mixed set of analyst opinions that include a “buy” from Citigroup, a “buy” from Jefferies Financial Group, a “neutral” from Goldman Sachs and a “sell (d)” from Weiss Ratings. The consensus among seven analysts is a “moderate buy” with a price target of $34.90, while the stock opened at $15.22 and trades well below its 50‑day moving average of $24.19.

York Space Systems reported a quarterly loss of $1.51 per share on $116.34 million revenue, missing consensus estimates. Meanwhile, major shareholder BlackRock Portfolio Management continued to reduce its stake, selling 140,823 shares on July 30, 63,390 shares on July 29, 35,574 shares on July 31, 13,754 shares on August 3 and an additional 13,754 shares in a later filing. These transactions lowered BlackRock’s ownership to roughly 17.6 million shares, a decline of less than 0.1 percent.

The combined analyst downgrades and BlackRock’s share sales highlight ongoing pressure on York Space Systems’ market performance.