Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its position in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 644,924 shares of the aerospace company’s stock after selling 37,835 shares during the period. Bank of America Corp DE owned about 0.65% of Wesco Aircraft Holdings worth $7,352,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Wesco Aircraft Holdings during the first quarter worth $123,000. Great West Life Assurance Co. Can raised its position in shares of Wesco Aircraft Holdings by 211.6% in the first quarter. Great West Life Assurance Co. Can now owns 26,179 shares of the aerospace company’s stock worth $298,000 after buying an additional 17,777 shares during the period. American International Group Inc. raised its position in shares of Wesco Aircraft Holdings by 7.0% in the first quarter. American International Group Inc. now owns 34,261 shares of the aerospace company’s stock worth $391,000 after buying an additional 2,255 shares during the period. Global Endowment Management LP raised its position in shares of Wesco Aircraft Holdings by 24.6% in the first quarter. Global Endowment Management LP now owns 37,640 shares of the aerospace company’s stock worth $429,000 after buying an additional 7,430 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of Wesco Aircraft Holdings by 22.1% in the first quarter. Eqis Capital Management Inc. now owns 38,822 shares of the aerospace company’s stock worth $443,000 after buying an additional 7,024 shares during the period. 87.87% of the stock is owned by institutional investors and hedge funds.

Wesco Aircraft Holdings, Inc. (WAIR) opened at 7.55 on Friday. The company’s market capitalization is $751.82 million. Wesco Aircraft Holdings, Inc. has a 52 week low of $6.95 and a 52 week high of $15.78. The company’s 50 day moving average price is $10.41 and its 200-day moving average price is $11.12.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 EPS for the quarter, missing the 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 business had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts expect that Wesco Aircraft Holdings, Inc. will post $0.75 earnings per share for the current year.

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WAIR has been the subject of several research reports. TheStreet lowered shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday. ValuEngine raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Wesco Aircraft Holdings presently has a consensus rating of “Hold” and a consensus price target of $13.14.

In other Wesco Aircraft Holdings news, Director Thomas Bancroft acquired 150,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were bought at an average cost of $9.45 per share, with a total value of $1,417,500.00. Following the completion of the acquisition, the director now owns 13,487 shares in the company, valued at $127,452.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders acquired 1,396,510 shares of company stock worth $12,570,693. 10.30% of the stock is owned by corporate insiders.

About Wesco Aircraft Holdings

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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