Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Major Shareholder Makaira Partners Llc Purchases 79,184 Shares

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) major shareholder Makaira Partners Llc bought 79,184 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $8.06 per share, with a total value of $638,223.04. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Makaira Partners Llc also recently made the following trade(s):

  • On Thursday, August 31st, Makaira Partners Llc purchased 20,100 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average price of $8.48 per share, with a total value of $170,448.00.
  • On Wednesday, August 23rd, Makaira Partners Llc purchased 29,350 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average price of $7.95 per share, with a total value of $233,332.50.
  • On Thursday, August 24th, Makaira Partners Llc purchased 91,711 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average price of $7.98 per share, with a total value of $731,853.78.
  • On Monday, August 21st, Makaira Partners Llc purchased 123,067 shares of Wesco Aircraft Holdings stock. The stock was purchased at an average price of $7.81 per share, with a total value of $961,153.27.

Wesco Aircraft Holdings, Inc. (WAIR) traded up 1.14% during mid-day trading on Friday, hitting $8.85. 1,193,606 shares of the stock were exchanged. The company’s market capitalization is $881.27 million. The stock’s 50-day moving average is $8.70 and its 200 day moving average is $10.19. Wesco Aircraft Holdings, Inc. has a 52 week low of $6.95 and a 52 week high of $15.77.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.12). The company had revenue of $363.90 million during the quarter, compared to analysts’ expectations of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. Wesco Aircraft Holdings’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, analysts anticipate that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

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A number of analysts have commented on WAIR shares. ValuEngine upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research note on Tuesday, August 8th. Cowen and Company reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC set a $9.00 target price on shares of Wesco Aircraft Holdings and gave the stock a “hold” rating in a research note on Friday, June 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Wesco Aircraft Holdings presently has an average rating of “Hold” and an average price target of $13.14.

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in Wesco Aircraft Holdings by 1.9% during the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 368 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Wesco Aircraft Holdings by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 661 shares during the last quarter. Rhumbline Advisers lifted its holdings in Wesco Aircraft Holdings by 2.4% during the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 1,731 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Wesco Aircraft Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 1,898 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Wesco Aircraft Holdings by 0.4% during the first quarter. Russell Investments Group Ltd. now owns 467,881 shares of the aerospace company’s stock valued at $5,334,000 after purchasing an additional 1,948 shares during the last quarter. 93.73% of the stock is currently owned by institutional investors.

Wesco Aircraft Holdings Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

Insider Buying and Selling by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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