Wesco Aircraft Holdings, Inc. (NYSE:WAIR) major shareholder Makaira Partners Llc purchased 79,184 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of $8.06 per share, for a total transaction of $638,223.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Makaira Partners Llc also recently made the following trade(s):

  • On Wednesday, August 23rd, Makaira Partners Llc purchased 29,350 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average cost of $7.95 per share, for a total transaction of $233,332.50.
  • On Thursday, August 24th, Makaira Partners Llc purchased 91,711 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average cost of $7.98 per share, for a total transaction of $731,853.78.
  • On Monday, August 21st, Makaira Partners Llc purchased 123,067 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average cost of $7.81 per share, for a total transaction of $961,153.27.

Wesco Aircraft Holdings, Inc. (WAIR) opened at 8.40 on Friday. The company has a 50-day moving average price of $9.38 and a 200-day moving average price of $10.46. The company’s market cap is $836.46 million. Wesco Aircraft Holdings, Inc. has a 1-year low of $6.95 and a 1-year high of $15.77.

Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Oxford Asset Management boosted its stake in shares of Wesco Aircraft Holdings by 69.3% in the first quarter. Oxford Asset Management now owns 61,606 shares of the aerospace company’s stock worth $702,000 after buying an additional 25,212 shares during the period. Cutter & CO Brokerage Inc. boosted its stake in shares of Wesco Aircraft Holdings by 16.9% in the first quarter. Cutter & CO Brokerage Inc. now owns 61,675 shares of the aerospace company’s stock worth $703,000 after buying an additional 8,925 shares during the period. Pzena Investment Management LLC boosted its stake in shares of Wesco Aircraft Holdings by 55.5% in the first quarter. Pzena Investment Management LLC now owns 1,556,462 shares of the aerospace company’s stock worth $17,744,000 after buying an additional 555,725 shares during the period. New Amsterdam Partners LLC NY boosted 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 during the period. Finally, Bank of New York Mellon Corp boosted 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 during the period. Institutional investors and hedge funds own 93.73% of the company’s stock.

WAIR has been the topic of several research analyst reports. BidaskClub raised shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research cut shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price target on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. Cowen and Company reaffirmed a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday, August 9th. Finally, ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.14.

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.

Insider Buying and Selling by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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