AE Industrial Partners LP Buys New Position in Firefly Aerospace, Inc. $FLY

AE Industrial Partners LP purchased a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 36,284,543 shares of the company’s stock, valued at approximately $1,063,863,000. Firefly Aerospace makes up 53.6% of AE Industrial Partners LP’s holdings, making the stock its largest holding. AE Industrial Partners LP owned approximately 24.76% of Firefly Aerospace as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new stake in Firefly Aerospace in the third quarter valued at approximately $19,386,000. Phoenix Financial Ltd. bought a new stake in shares of Firefly Aerospace in the 3rd quarter worth $14,468,000. Penserra Capital Management LLC purchased a new stake in Firefly Aerospace in the 3rd quarter valued at about $3,699,000. LBP AM SA bought a new stake in Firefly Aerospace during the third quarter worth $1,795,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Firefly Aerospace in the 3rd quarter worth about $3,836,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. KeyCorp assumed coverage on Firefly Aerospace in a research report on Thursday, December 18th. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. Roth Mkm reissued a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. Finally, The Goldman Sachs Group upped their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.71.

Firefly Aerospace Price Performance

FLY opened at $20.38 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.20 and a quick ratio of 6.20. The company has a market cap of $3.25 billion and a price-to-earnings ratio of -2.80. The firm’s 50 day simple moving average is $25.22. Firefly Aerospace, Inc. has a one year low of $16.00 and a one year high of $73.80.

Firefly Aerospace Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.