Liontrust Investment Partners LLP Buys New Holdings in Firefly Aerospace, Inc. $FLY

Liontrust Investment Partners LLP purchased a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 61,035 shares of the company’s stock, valued at approximately $1,790,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in shares of Firefly Aerospace during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace during the 3rd quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Firefly Aerospace during the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. bought a new stake in Firefly Aerospace in the 3rd quarter worth $74,000. Finally, Sandia Investment Management LP purchased a new position in shares of Firefly Aerospace in the third quarter valued at about $147,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Roth Mkm restated a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. UBS Group set a $33.00 price target on Firefly Aerospace in a research report on Thursday, March 12th. Morgan Stanley reiterated a “positive” rating on shares of Firefly Aerospace in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.88.

Firefly Aerospace Trading Up 2.7%

Shares of FLY opened at $24.58 on Wednesday. Firefly Aerospace, Inc. has a 1-year low of $16.00 and a 1-year high of $73.80. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $24.29 and its 200-day moving average price is $26.54. The firm has a market capitalization of $3.91 billion and a price-to-earnings ratio of -3.38.

Firefly Aerospace 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.