AE Industrial Partners LP Acquires Shares of 36,284,543 Firefly Aerospace, Inc. $FLY

AE Industrial Partners LP acquired a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 36,284,543 shares of the company’s stock, valued at approximately $1,063,863,000. Firefly Aerospace comprises approximately 53.6% of AE Industrial Partners LP’s holdings, making the stock its largest holding. AE Industrial Partners LP owned 0.25% of Firefly Aerospace as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Firefly Aerospace in the 3rd quarter worth about $74,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Firefly Aerospace in the third quarter worth approximately $293,000. Canal Insurance CO bought a new stake in shares of Firefly Aerospace in the third quarter worth $293,000. LBP AM SA bought a new stake in shares of Firefly Aerospace during the 3rd quarter valued at about $1,795,000. Finally, Penserra Capital Management LLC purchased a new stake in Firefly Aerospace during the third quarter valued at approximately $3,699,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Roth Mkm restated a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. KeyCorp started coverage on shares of Firefly Aerospace in a report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Morgan Stanley set a $33.00 price objective on Firefly Aerospace in a report on Friday, January 16th. The Goldman Sachs Group increased their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lowered their price target on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Firefly Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Firefly Aerospace Stock Up 5.6%

Shares of NASDAQ:FLY opened at $20.38 on Wednesday. The company has a market capitalization of $3.25 billion and a PE ratio of -2.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20. Firefly Aerospace, Inc. has a 52-week low of $16.00 and a 52-week high of $73.80. The business has a 50 day moving average price of $25.22.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.