California Public Employees Retirement System reduced its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 4.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 105,400 shares of the aerospace company’s stock after selling 4,600 shares during the period. California Public Employees Retirement System’s holdings in Wesco Aircraft Holdings were worth $1,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in Wesco Aircraft Holdings by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 467,881 shares of the aerospace company’s stock valued at $5,334,000 after buying an additional 1,948 shares during the last quarter. American International Group Inc. raised its position in shares of Wesco Aircraft Holdings by 7.0% in the first quarter. American International Group Inc. now owns 34,261 shares of the aerospace company’s stock valued at $391,000 after buying an additional 2,255 shares during the period. Nationwide Fund Advisors raised its position in shares of Wesco Aircraft Holdings by 7.9% in the first quarter. Nationwide Fund Advisors now owns 50,142 shares of the aerospace company’s stock valued at $572,000 after buying an additional 3,651 shares during the period. Teachers Advisors LLC raised its position in shares of Wesco Aircraft Holdings by 2.9% in the first quarter. Teachers Advisors LLC now owns 133,157 shares of the aerospace company’s stock valued at $1,518,000 after buying an additional 3,706 shares during the period. Finally, Eqis Capital Management Inc. raised its position 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 valued at $443,000 after buying an additional 7,024 shares during the period. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) opened at 7.825 on Thursday. The firm’s 50-day moving average is $10.56 and its 200 day moving average is $11.20. The stock’s market capitalization is $773.65 million. Wesco Aircraft Holdings, Inc. has a 52-week low of $7.25 and a 52-week high of $15.78.

Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.12. Wesco Aircraft Holdings had a positive return on equity of 8.87% and a negative net margin of 12.26%. The business had revenue of $363.90 million during the quarter, compared to the consensus estimate of $379.32 million. During the same quarter last year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts expect that Wesco Aircraft Holdings, Inc. will post $0.75 EPS for the current year.

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Several research analysts recently issued reports on WAIR shares. Jefferies Group LLC reiterated a “sell” rating and issued a $13.00 target price on shares of Wesco Aircraft Holdings in a research report on Tuesday, April 18th. Citigroup Inc. lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. ValuEngine lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Wesco Aircraft Holdings currently has a consensus rating of “Hold” and a consensus price target of $13.14.

In other news, Director Thomas Bancroft purchased 246,510 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average cost of $9.83 per share, with a total value of $2,423,193.30. Following the purchase, the director now owns 13,487 shares in the company, valued at $132,577.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have purchased 1,396,510 shares of company stock valued at $12,570,693. 10.30% of the stock is owned by corporate insiders.

About Wesco Aircraft Holdings

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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