Migdal Insurance & Financial Holdings Ltd. Boosts Holdings in Wesco Aircraft Holdings, Inc. (WAIR)

Migdal Insurance & Financial Holdings Ltd. raised its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 42.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,919 shares of the aerospace company’s stock after acquiring an additional 23,617 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.08% of Wesco Aircraft Holdings worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC increased its position in Wesco Aircraft Holdings by 1.9% in the 1st quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock valued at $221,000 after acquiring an additional 368 shares in the last quarter. Rhumbline Advisers increased its position in Wesco Aircraft Holdings by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after acquiring an additional 1,731 shares in the last quarter. Victory Capital Management Inc. increased its position in Wesco Aircraft Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 1,898 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Wesco Aircraft Holdings by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock valued at $2,692,000 after acquiring an additional 2,141 shares in the last quarter. Finally, American International Group Inc. increased its position in Wesco Aircraft Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 34,261 shares of the aerospace company’s stock valued at $391,000 after acquiring an additional 2,255 shares in the last quarter. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Shares of Wesco Aircraft Holdings, Inc. (WAIR) traded down 4.10% on Monday, hitting $9.35. 97,275 shares of the stock traded hands. Wesco Aircraft Holdings, Inc. has a 1-year low of $6.95 and a 1-year high of $15.77. The stock has a 50 day moving average of $8.80 and a 200-day moving average of $9.94. The stock’s market cap is $931.06 million.

Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings data 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 negative net margin of 12.26% and a positive return on equity of 9.42%. The firm had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same period in the prior year, the company earned $0.29 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Jefferies Group LLC set a $9.00 price objective on shares of Wesco Aircraft Holdings and gave the company a “hold” rating in a research report on Friday, June 16th. Finally, Cowen and Company restated a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.50.

In other news, major shareholder Makaira Partners Llc acquired 123,067 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $7.81 per share, with a total value of $961,153.27. Following the completion of the purchase, the insider now directly owns 9,941,177 shares of the company’s stock, valued at approximately $77,640,592.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Weller acquired 8,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average cost of $8.05 per share, with a total value of $64,400.00. Following the purchase, the insider now directly owns 42,901 shares of the company’s stock, valued at $345,353.05. The disclosure for this purchase can be found here. Insiders bought 1,068,719 shares of company sto

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC increased its position in Wesco Aircraft Holdings by 1.9% in the 1st quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock valued at $221,000 after acquiring an additional 368 shares in the last quarter. Rhumbline Advisers increased its position in Wesco Aircraft Holdings by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after acquiring an additional 1,731 shares in the last quarter. Victory Capital Management Inc. increased its position in Wesco Aircraft Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 1,898 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Wesco Aircraft Holdings by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock valued at $2,692,000 after acquiring an additional 2,141 shares in the last quarter. Finally, American International Group Inc. increased its position in Wesco Aircraft Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 34,261 shares of the aerospace company’s stock valued at $391,000 after acquiring an additional 2,255 shares in the last quarter. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Shares of Wesco Aircraft Holdings, Inc. (WAIR) traded down 4.10% on Monday, hitting $9.35. 97,275 shares of the stock traded hands. Wesco Aircraft Holdings, Inc. has a 1-year low of $6.95 and a 1-year high of $15.77. The stock has a 50 day moving average of $8.80 and a 200-day moving average of $9.94. The stock’s market cap is $931.06 million.

Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings data 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 negative net margin of 12.26% and a positive return on equity of 9.42%. The firm had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same period in the prior year, the company earned $0.29 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Jefferies Group LLC set a $9.00 price objective on shares of Wesco Aircraft Holdings and gave the company a “hold” rating in a research report on Friday, June 16th. Finally, Cowen and Company restated a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.50.

In other news, major shareholder Makaira Partners Llc acquired 123,067 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $7.81 per share, with a total value of $961,153.27. Following the completion of the purchase, the insider now directly owns 9,941,177 shares of the company’s stock, valued at approximately $77,640,592.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Weller acquired 8,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average cost of $8.05 per share, with a total value of $64,400.00. Following the purchase, the insider now directly owns 42,901 shares of the company’s stock, valued at $345,353.05. The disclosure for this purchase can be found here. Insiders bought 1,068,719 shares of company stock valued at $8,385,130 in the last ninety days. 10.30% of the stock is currently owned by insiders.

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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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