BlueCrest Capital Management Ltd Invests $14.04 Million in Firefly Aerospace, Inc. $FLY

BlueCrest Capital Management Ltd bought a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 478,698 shares of the company’s stock, valued at approximately $14,035,000.

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

Firefly Aerospace Price Performance

NASDAQ:FLY opened at $24.58 on Wednesday. The business’s 50-day moving average is $24.29 and its 200 day moving average is $26.54. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $73.80. The company has a market capitalization of $3.91 billion and a P/E ratio of -3.38. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FLY. Morgan Stanley reissued a “positive” rating on shares of Firefly Aerospace in a report on Thursday, March 12th. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. KeyCorp assumed coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a “sector weight” rating for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.