Goldman Sachs Group Inc. cut its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 62.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,339 shares of the aerospace company’s stock after selling 76,153 shares during the period. Goldman Sachs Group Inc.’s holdings in Wesco Aircraft Holdings were worth $492,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WAIR. Cove Street Capital LLC boosted its holdings in Wesco Aircraft Holdings by 146.6% in the second quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock valued at $47,478,000 after purchasing an additional 2,601,134 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Wesco Aircraft Holdings by 51.7% in the second quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock valued at $60,382,000 after purchasing an additional 1,896,483 shares during the period. Northern Trust Corp boosted its holdings in Wesco Aircraft Holdings by 79.5% in the second quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock valued at $14,198,000 after purchasing an additional 579,446 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Wesco Aircraft Holdings by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock valued at $44,065,000 after purchasing an additional 473,010 shares during the period. Finally, LSV Asset Management boosted its holdings in Wesco Aircraft Holdings by 39.4% in the second quarter. LSV Asset Management now owns 1,570,428 shares of the aerospace company’s stock valued at $17,039,000 after purchasing an additional 443,538 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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A number of research analysts recently issued reports on WAIR shares. Cowen and Company reiterated a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research lowered Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. ValuEngine raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.60.

Shares of Wesco Aircraft Holdings, Inc. (NYSE WAIR) opened at $8.60 on Monday. The company has a current ratio of 4.06, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. Wesco Aircraft Holdings, Inc. has a 52-week low of $6.95 and a 52-week high of $15.78. The company has a market capitalization of $856.38, a PE ratio of 10.75, a PEG ratio of 1.45 and a beta of 0.74.

In other news, CFO Richard Weller bought 4,863 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $8.00 per share, for a total transaction of $38,904.00. Following the completion of the transaction, the chief financial officer now owns 42,901 shares of the company’s stock, valued at $343,208. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Makaira Partners Llc bought 20,100 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were purchased at an average price of $8.48 per share, for a total transaction of $170,448.00. The disclosure for this purchase can be found here. Insiders have bought 1,040,878 shares of company stock worth $8,170,755 in the last quarter. Insiders own 10.30% of the company’s stock.

Wesco Aircraft Holdings Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

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Institutional Ownership by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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