Ameriprise Financial Inc. cut its position in shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) by 28.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 457,901 shares of the company’s stock after selling 185,926 shares during the period. Ameriprise Financial Inc. owned approximately 0.47% of Wesco Aircraft Holdings worth $6,146,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Atria Investments LLC acquired a new position in shares of Wesco Aircraft Holdings during the second quarter worth about $154,000. Janney Montgomery Scott LLC acquired a new position in shares of Wesco Aircraft Holdings during the second quarter worth about $182,000. Princeton Alpha Management LP acquired a new position in shares of Wesco Aircraft Holdings during the second quarter worth about $193,000. Springbok Capital Management LLC increased its position in shares of Wesco Aircraft Holdings by 21.4% in the first quarter. Springbok Capital Management LLC now owns 17,600 shares of the company’s stock worth $253,000 after buying an additional 3,100 shares during the period. Finally, Eqis Capital Management Inc. increased its position in shares of Wesco Aircraft Holdings by 4.0% in the second quarter. Eqis Capital Management Inc. now owns 29,731 shares of the company’s stock worth $399,000 after buying an additional 1,142 shares during the period. 89.27% of the stock is owned by hedge funds and other institutional investors.
Wesco Aircraft Holdings Inc. (NYSE:WAIR) traded down 1.19% during midday trading on Tuesday, hitting $13.24. The stock had a trading volume of 31,719 shares. The company’s market cap is $1.31 billion. Wesco Aircraft Holdings Inc. has a 12-month low of $9.91 and a 12-month high of $15.07. The company has a 50-day moving average price of $13.67 and a 200-day moving average price of $13.89.
Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $375.20 million for the quarter, compared to the consensus estimate of $381.12 million. Wesco Aircraft Holdings had a positive return on equity of 12.72% and a negative net margin of 9.85%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. Equities analysts anticipate that Wesco Aircraft Holdings Inc. will post $1.12 EPS for the current year.
A number of equities analysts recently issued reports on the company. Jefferies Group lowered their price target on Wesco Aircraft Holdings from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Friday, August 5th. Rosenblatt Securities lowered their price target on Wesco Aircraft Holdings from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 28th. Zacks Investment Research downgraded Wesco Aircraft Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday, September 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Wesco Aircraft Holdings has a consensus rating of “Hold” and a consensus target price of $13.58.
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’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.
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