Wesco Aircraft Holdings, Inc. (WAIR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 61.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,273 shares of the aerospace company’s stock after selling 94,868 shares during the period. Ameriprise Financial Inc. owned about 0.06% of Wesco Aircraft Holdings worth $643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC boosted its position in Wesco Aircraft Holdings by 51.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock valued at $60,382,000 after buying an additional 1,896,483 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Wesco Aircraft Holdings by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,588,399 shares of the aerospace company’s stock valued at $40,908,000 after buying an additional 462,898 shares during the last quarter. LSV Asset Management boosted its position in Wesco Aircraft Holdings by 39.4% in the 2nd quarter. LSV Asset Management now owns 1,570,428 shares of the aerospace company’s stock valued at $17,039,000 after buying an additional 443,538 shares during the last quarter. Royce & Associates LP boosted its position in Wesco Aircraft Holdings by 13.7% in the 2nd quarter. Royce & Associates LP now owns 2,790,423 shares of the aerospace company’s stock valued at $30,276,000 after buying an additional 335,629 shares during the last quarter. Finally, State Street Corp boosted its position in Wesco Aircraft Holdings by 22.0% in the 1st quarter. State Street Corp now owns 1,800,202 shares of the aerospace company’s stock valued at $20,525,000 after buying an additional 324,952 shares during the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

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WAIR has been the topic of a number of recent research reports. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $12.00 price objective on shares of Wesco Aircraft Holdings in a research report on Monday, October 2nd. BidaskClub upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. ValuEngine upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, October 19th. Finally, TheStreet lowered Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.60.

In related news, major shareholder Makaira Partners Llc purchased 20,100 shares of Wesco Aircraft Holdings stock in a transaction dated Thursday, August 31st. The shares were acquired at an average cost of $8.48 per share, for a total transaction of $170,448.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard Weller purchased 8,000 shares of Wesco Aircraft Holdings stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $8.05 per share, for a total transaction of $64,400.00. Following the completion of the transaction, the insider now directly owns 42,901 shares in the company, valued at $345,353.05. The disclosure for this purchase can be found here. Insiders bought a total of 1,068,719 shares of company stock worth $8,385,130 over the last 90 days. 10.30% of the stock is owned by corporate insiders.

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) opened at $8.60 on Friday. Wesco Aircraft Holdings, Inc. has a 12-month low of $6.95 and a 12-month high of $15.78. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.06 and a quick ratio of 1.19. The stock has a market capitalization of $846.54, a price-to-earnings ratio of 10.84, a PEG ratio of 1.47 and a beta of 0.74.

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.

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

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