Prudential Financial Inc. cut its position in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 64.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,013 shares of the aerospace company’s stock after selling 137,600 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of Wesco Aircraft Holdings worth $836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP grew its holdings in shares of Wesco Aircraft Holdings by 13.7% during the second quarter. Royce & Associates LP now owns 2,790,423 shares of the aerospace company’s stock worth $30,276,000 after buying an additional 335,629 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Wesco Aircraft Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock worth $137,000 after buying an additional 1,898 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Wesco Aircraft Holdings by 51.7% during the second quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock worth $60,382,000 after buying an additional 1,896,483 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Wesco Aircraft Holdings by 2.4% during the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock worth $808,000 after buying an additional 1,731 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Wesco Aircraft Holdings by 8.3% during the second quarter. First Trust Advisors LP now owns 149,122 shares of the aerospace company’s stock worth $1,618,000 after buying an additional 11,470 shares in the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.

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Shares of Wesco Aircraft Holdings, Inc. (NYSE WAIR) opened at 9.75 on Friday. The stock’s market capitalization is $970.90 million. The stock’s 50 day moving average is $8.80 and its 200-day moving average is $9.94. Wesco Aircraft Holdings, Inc. has a one year low of $6.95 and a one year high of $15.78.

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 the consensus estimate of $0.22 by ($0.12). The company had revenue of $363.90 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. On average, equities research analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

In related news, CFO Richard Weller purchased 4,863 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $8.00 per share, with a total value of $38,904.00. Following the completion of the purchase, the chief financial officer now owns 42,901 shares in the company, valued at approximately $343,208. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Makaira Partners Llc purchased 123,067 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $7.81 per share, with a total value of $961,153.27. Following the purchase, the insider now owns 9,941,177 shares of the company’s stock, valued at approximately $77,640,592.37. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,068,719 shares of company stock valued at $8,385,130. Insiders own 10.30% of the company’s stock.

A number of brokerages have recently commented on WAIR. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company reiterated a “hold” rating and set a $9.00 price target on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Jefferies Group LLC set a $9.00 price target on shares of Wesco Aircraft Holdings and gave the stock a “hold” rating in a report on Friday, June 16th. TheStreet downgraded shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.50.

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.

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

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