Ameriprise Financial Inc. reduced its position in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 22.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,141 shares of the aerospace company’s stock after selling 44,335 shares during the period. Ameriprise Financial Inc. owned 0.15% of Wesco Aircraft Holdings worth $1,757,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. New Amsterdam Partners LLC NY raised its position 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 valued at $4,093,000 after buying an additional 163,198 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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 valued at $3,797,000 after buying an additional 22,034 shares in the last quarter. First Trust Advisors LP purchased a new position in Wesco Aircraft Holdings during the first quarter valued at about $1,569,000. Eqis Capital Management Inc. raised its position in 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 in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in Wesco Aircraft Holdings during the first quarter valued at about $1,534,000. 87.87% of the stock is owned by institutional investors and hedge funds.

Wesco Aircraft Holdings, Inc. (NYSE WAIR) traded up 2.99% during trading on Tuesday, reaching $10.35. 815,035 shares of the company’s stock traded hands. Wesco Aircraft Holdings, Inc. has a 1-year low of $7.46 and a 1-year high of $15.78. The firm has a market capitalization of $1.03 billion, a PE ratio of 13.12 and a beta of 0.69. The firm has a 50 day moving average of $10.60 and a 200 day moving average of $11.35.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its earnings results on Tuesday, May 9th. The aerospace company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $364.60 million for the quarter, compared to the consensus estimate of $367.92 million. Wesco Aircraft Holdings had a return on equity of 11.03% and a net margin of 5.39%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Equities analysts forecast that Wesco Aircraft Holdings, Inc. will post $0.85 EPS for the current year.

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A number of research analysts recently issued reports on WAIR shares. Jefferies Group LLC upgraded shares of Wesco Aircraft Holdings from an “underperform” rating to a “hold” rating and boosted their target price for the company from $8.00 to $9.00 in a research report on Monday, May 15th. Zacks Investment Research downgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 22nd. ValuEngine downgraded shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. downgraded shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Finally, BidaskClub downgraded shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.14.

In other news, Director Thomas Bancroft acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price of $8.73 per share, for a total transaction of $8,730,000.00. Following the completion of the acquisition, the director now owns 13,487 shares of the company’s stock, valued at approximately $117,741.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 1,396,510 shares of company stock worth $12,570,693 in the last quarter. 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.

Institutional Ownership by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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