LFL Advisers LLC boosted its position in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 40.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,827 shares of the aerospace company’s stock after buying an additional 100,000 shares during the period. Wesco Aircraft Holdings accounts for about 3.5% of LFL Advisers LLC’s portfolio, making the stock its 9th largest position. LFL Advisers LLC owned 0.35% of Wesco Aircraft Holdings worth $3,774,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new position in shares of Wesco Aircraft Holdings during the first quarter worth $123,000. Aperio Group LLC acquired a new position in shares of Wesco Aircraft Holdings during the second quarter worth $186,000. HighTower Advisors LLC boosted its position in shares of Wesco Aircraft Holdings by 1.9% in the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock worth $221,000 after buying an additional 368 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of 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 worth $298,000 after buying an additional 17,777 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Wesco Aircraft Holdings during the second quarter worth $304,000. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Shares of Wesco Aircraft Holdings, Inc. (WAIR) remained flat at $8.40 during trading on Friday. The company’s stock had a trading volume of 340,043 shares. Wesco Aircraft Holdings, Inc. has a 12 month low of $6.95 and a 12 month high of $15.77. The stock’s market cap is $836.46 million. The firm’s 50-day moving average is $9.30 and its 200 day moving average is $10.43.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly 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 negative net margin of 12.26% and a positive return on equity of 9.42%. The company had revenue of $363.90 million during the quarter, compared to the consensus estimate of $379.32 million. During the same period last year, the company earned $0.29 earnings per share. Wesco Aircraft Holdings’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts anticipate that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

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WAIR has been the subject of a number of recent research reports. Jefferies Group LLC raised shares of Wesco Aircraft Holdings from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $8.00 to $9.00 in a research note on Monday, May 15th. Zacks Investment Research cut shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 22nd. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.14.

In other news, major shareholder Makaira Partners Llc bought 123,067 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $7.81 per share, for a total transaction of $961,153.27. Following the transaction, the insider now directly owns 9,941,177 shares of the company’s stock, valued at approximately $77,640,592.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Weller bought 4,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $8.00 per share, with a total value of $38,904.00. Following the transaction, the chief financial officer now directly owns 42,901 shares in the company, valued at $343,208. The disclosure for this purchase can be found here. Insiders have bought a total of 1,295,129 shares of company stock valued at $10,637,876 over the last ninety days. 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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