Swiss National Bank trimmed its stake in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,200 shares of the aerospace company’s stock after selling 9,200 shares during the period. Swiss National Bank owned approximately 0.09% of Wesco Aircraft Holdings worth $990,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Wesco Aircraft Holdings in the first quarter valued at approximately $123,000. Aperio Group LLC acquired a new position in Wesco Aircraft Holdings in the second quarter valued at approximately $186,000. HighTower Advisors LLC lifted its holdings in Wesco Aircraft Holdings by 1.9% in the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock valued at $221,000 after buying an additional 368 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Wesco Aircraft Holdings by 211.6% in the first quarter. Great West Life Assurance Co. Can now owns 26,179 shares of the aerospace company’s stock valued at $298,000 after buying an additional 17,777 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in Wesco Aircraft Holdings in the first quarter valued at approximately $330,000. Institutional investors own 93.73% of the company’s stock.

In other news, CEO Todd Renehan purchased 5,100 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $7.79 per share, for a total transaction of $39,729.00. Following the transaction, the chief executive officer now owns 34,380 shares of the company’s stock, valued at $267,820.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas Bancroft purchased 27,841 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $214,375.70. Following the transaction, the director now directly owns 13,487 shares in the company, valued at approximately $103,849.90. The disclosure for this purchase can be found here. Insiders bought a total of 1,068,719 shares of company stock worth $8,385,130 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Several brokerages recently weighed in on WAIR. Cowen and Company restated a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. ValuEngine upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.50.

Shares of Wesco Aircraft Holdings, Inc. (NYSE WAIR) opened at 9.45 on Tuesday. The firm’s market capitalization is $941.02 million. The firm has a 50-day moving average of $9.00 and a 200 day moving average of $9.85. Wesco Aircraft Holdings, Inc. has a 12-month low of $6.95 and a 12-month high of $15.77.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.12). The firm had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. On average, equities research analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 earnings per share for the current year.

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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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