BlueCrest Capital Management Ltd Buys Shares of 478,698 Firefly Aerospace, Inc. $FLY

BlueCrest Capital Management Ltd purchased a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 478,698 shares of the company’s stock, valued at approximately $14,035,000. BlueCrest Capital Management Ltd owned 0.30% of Firefly Aerospace as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. WCM Investment Management LLC purchased a new stake in Firefly Aerospace in the third quarter worth approximately $19,386,000. TD Asset Management Inc purchased a new stake in Firefly Aerospace during the 3rd quarter valued at $4,353,000. Phoenix Financial Ltd. bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at $14,468,000. AE Industrial Partners LP bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at $1,063,863,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Firefly Aerospace in the 3rd quarter worth $3,699,000.

Firefly Aerospace Stock Performance

NASDAQ:FLY opened at $24.58 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20. The stock has a 50-day simple moving average of $24.29 and a two-hundred day simple moving average of $26.54. The firm has a market capitalization of $3.91 billion and a PE ratio of -3.38. Firefly Aerospace, Inc. has a 52-week low of $16.00 and a 52-week high of $73.80.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FLY. JPMorgan Chase & Co. dropped their target price on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. The Goldman Sachs Group raised their price objective on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a research report on Thursday, March 12th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.88.

About Firefly Aerospace

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.