Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Stake Boosted by Makaira Partners LLC

Makaira Partners LLC lifted its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 18.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,649,938 shares of the aerospace company’s stock after purchasing an additional 1,474,630 shares during the period. Wesco Aircraft Holdings accounts for 13.7% of Makaira Partners LLC’s portfolio, making the stock its 4th largest position. Makaira Partners LLC owned 9.69% of Wesco Aircraft Holdings worth $104,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Frontier Capital Management Co. LLC increased its holdings in shares of Wesco Aircraft Holdings by 51.7% in the second quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock valued at $60,382,000 after purchasing an additional 1,896,483 shares in the last quarter. Vanguard Group Inc. boosted its stake in Wesco Aircraft Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after acquiring an additional 19,114 shares during the last quarter. Cove Street Capital LLC boosted its stake in Wesco Aircraft Holdings by 146.6% in the second quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock valued at $47,478,000 after acquiring an additional 2,601,134 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Wesco Aircraft Holdings by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock valued at $44,065,000 after acquiring an additional 473,010 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Wesco Aircraft Holdings by 13.7% in the second quarter. Royce & Associates LP now owns 2,790,423 shares of the aerospace company’s stock valued at $30,276,000 after acquiring an additional 335,629 shares during the last quarter. 93.73% of the stock is owned by institutional investors and hedge funds.

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Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) traded up 0.53% during midday trading on Tuesday, hitting $9.50. 90,022 shares of the company were exchanged. Wesco Aircraft Holdings, Inc. has a one year low of $6.95 and a one year high of $15.77. The firm’s 50 day moving average price is $9.00 and its 200 day moving average price is $9.85. The firm’s market capitalization is $946.00 million.

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

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Cowen and Company reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a research note on Monday, July 17th. Zacks Investment Research raised shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.50.

In other news, CEO Todd Renehan bought 5,100 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $7.79 per share, for a total transaction of $39,729.00. Following the transaction, the chief executive officer now owns 34,380 shares of the company’s stock, valued at $267,820.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Makaira Partners Llc purchased 20,100 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average price of $8.48 per share, with a total value of $170,448.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,068,719 shares of company stock valued at $8,385,130 over the last 90 days. 10.30% of the stock is currently owned by corporate insiders.

Wesco Aircraft Holdings 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.

Institutional Ownership by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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