Liontrust Investment Partners LLP Purchases New Shares in Firefly Aerospace, Inc. $FLY

Liontrust Investment Partners LLP acquired a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 61,035 shares of the company’s stock, valued at approximately $1,790,000.

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

Firefly Aerospace Trading Up 2.7%

Shares of NASDAQ FLY opened at $24.58 on Wednesday. The firm’s 50 day moving average price is $24.29 and its 200-day moving average price is $26.54. The company has a market cap 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. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20.

Analysts Set New Price Targets

FLY has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price 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. JPMorgan Chase & Co. cut their price target on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Roth Mkm reiterated a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th. Morgan Stanley reissued a “positive” rating on shares of Firefly Aerospace in a report on Thursday, March 12th. Finally, KeyCorp started coverage on Firefly Aerospace in a research note on Thursday, December 18th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.88.

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.