Alliancebernstein L.P. raised its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,247,120 shares of the aerospace company’s stock after buying an additional 197,335 shares during the period. Alliancebernstein L.P. owned about 2.25% of Wesco Aircraft Holdings worth $24,381,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Frontier Capital Management Co. LLC grew its holdings in shares of Wesco Aircraft Holdings by 51.7% during 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 purchasing an additional 1,896,483 shares during the last quarter. Cove Street Capital LLC grew its holdings in shares of Wesco Aircraft Holdings by 45.7% during the 1st quarter. Cove Street Capital LLC now owns 1,774,711 shares of the aerospace company’s stock valued at $20,232,000 after purchasing an additional 556,884 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Wesco Aircraft Holdings by 14.8% during 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 purchasing an additional 462,898 shares during the last quarter. LSV Asset Management grew its holdings in shares of Wesco Aircraft Holdings by 39.4% during the 2nd quarter. LSV Asset Management now owns 1,570,428 shares of the aerospace company’s stock valued at $17,039,000 after purchasing an additional 443,538 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Wesco Aircraft Holdings by 13.7% during the 2nd quarter. Royce & Associates LP now owns 2,790,423 shares of the aerospace company’s stock valued at $30,276,000 after purchasing an additional 335,629 shares during the last quarter. 93.73% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Richard Weller acquired 8,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were acquired 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 of the company’s stock, valued at approximately $345,353.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Makaira Partners Llc acquired 123,067 shares of the business’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $7.81 per share, for a total transaction of $961,153.27. Following the transaction, the insider now directly owns 9,941,177 shares of the company’s stock, valued at $77,640,592.37. The disclosure for this purchase can be found here. Insiders have acquired 1,068,719 shares of company stock worth $8,385,130 in the last quarter. Company insiders own 10.30% of the company’s stock.

WAIR has been the topic of several recent research reports. Zacks Investment Research lowered shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, July 22nd. ValuEngine lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.14.

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Shares of Wesco Aircraft Holdings, Inc. (WAIR) opened at 9.05 on Thursday. The firm has a 50-day moving average of $8.60 and a 200-day moving average of $10.12. The company’s market cap is $901.19 million. Wesco Aircraft Holdings, Inc. has a one year low of $6.95 and a one year high of $15.77.

Wesco Aircraft Holdings (NYSE:WAIR) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $379.32 million. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was down 3.0% on a year-over-year basis. Equities research analysts forecast that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current fiscal year.

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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