Stoneridge Investment Partners LLC reduced its position in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 39.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,784 shares of the aerospace company’s stock after selling 25,394 shares during the period. Stoneridge Investment Partners LLC’s holdings in Wesco Aircraft Holdings were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Makaira Partners LLC raised its holdings in Wesco Aircraft Holdings by 18.0% in the 2nd quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock worth $104,702,000 after acquiring an additional 1,474,630 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Wesco Aircraft Holdings by 9.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after acquiring an additional 522,991 shares during the last quarter. Vanguard Group Inc. grew its position in Wesco Aircraft Holdings by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock worth $49,201,000 after purchasing an additional 19,114 shares during the period. Cove Street Capital LLC grew its position in Wesco Aircraft Holdings by 146.6% in the 2nd quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock worth $47,478,000 after purchasing an additional 2,601,134 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Wesco Aircraft Holdings by 13.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock worth $44,065,000 after purchasing an additional 473,010 shares during the period. Institutional investors own 93.63% of the company’s stock.

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In other news, CFO Richard Weller bought 4,863 shares of the company’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 42,901 shares of the company’s stock, valued at approximately $343,208. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Renehan bought 5,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $7.79 per share, with a total value of $39,729.00. Following the acquisition, the chief executive officer now directly owns 34,380 shares in the company, valued at approximately $267,820.20. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,068,719 shares of company stock valued at $8,385,130. Insiders own 10.30% of the company’s stock.

Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) opened at $8.88 on Thursday. Wesco Aircraft Holdings, Inc. has a 1 year low of $6.95 and a 1 year high of $15.77. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 4.06. The stock has a market cap of $876.30, a price-to-earnings ratio of 11.00, a PEG ratio of 1.49 and a beta of 0.74.

A number of equities research analysts have commented on the stock. ValuEngine downgraded shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. TheStreet downgraded shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 12th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.60.

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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