Geode Capital Management LLC raised its position in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 11.1% during the first quarter, Holdings Channel reports. The institutional investor owned 474,508 shares of the aerospace company’s stock after buying an additional 47,335 shares during the period. Geode Capital Management LLC’s holdings in Wesco Aircraft Holdings were worth $5,408,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. New Amsterdam Partners LLC NY increased its stake in shares of Wesco Aircraft Holdings by 83.3% in the first quarter. New Amsterdam Partners LLC NY now owns 359,048 shares of the aerospace company’s stock worth $4,093,000 after buying an additional 163,198 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Wesco Aircraft Holdings by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 333,048 shares of the aerospace company’s stock worth $3,797,000 after buying an additional 22,034 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Wesco Aircraft Holdings during the first quarter worth $1,569,000. Eqis Capital Management Inc. increased its stake in shares of Wesco Aircraft Holdings by 22.1% in the first quarter. Eqis Capital Management Inc. now owns 38,822 shares of the aerospace company’s stock worth $443,000 after buying an additional 7,024 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Wesco Aircraft Holdings during the first quarter worth $1,534,000. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) traded up 7.09% on Friday, reaching $7.55. The company’s stock had a trading volume of 695,582 shares. The firm’s market cap is $751.82 million. The stock has a 50 day moving average of $10.41 and a 200-day moving average of $11.12. Wesco Aircraft Holdings, Inc. has a 12 month low of $6.95 and a 12 month high of $15.78.

Wesco Aircraft Holdings (NYSE:WAIR) last announced its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The firm had revenue of $363.90 million for the quarter, compared to the consensus estimate of $379.32 million. Wesco Aircraft Holdings had a negative net margin of 12.26% and a positive return on equity of 9.42%. Wesco Aircraft Holdings’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, analysts anticipate that Wesco Aircraft Holdings, Inc. will post $0.75 EPS for the current year.

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A number of brokerages have weighed in on WAIR. Citigroup Inc. downgraded Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Jefferies Group LLC reaffirmed a “sell” rating and issued a $13.00 target price on shares of Wesco Aircraft Holdings in a report on Tuesday, April 18th. Cowen and Company reissued a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research raised Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $13.14.

In other news, Director Thomas Bancroft purchased 150,000 shares of Wesco Aircraft Holdings stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average price of $9.45 per share, with a total value of $1,417,500.00. Following the completion of the transaction, the director now directly owns 13,487 shares of the company’s stock, valued at $127,452.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 1,396,510 shares of company stock valued at $12,570,693 in the last three months. 10.30% of the stock is owned by insiders.

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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