Firefly Aerospace, Inc. $FLY Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Firefly Aerospace, Inc. (NASDAQ:FLY) by 68.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,761 shares of the company’s stock after purchasing an additional 38,351 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Firefly Aerospace were worth $2,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Firefly Aerospace during the second quarter worth approximately $173,573,000. Tema ETFs LLC increased its holdings in shares of Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock valued at $67,057,000 after buying an additional 2,279,159 shares in the last quarter. Vanguard Group Inc. bought a new position in shares of Firefly Aerospace in the third quarter valued at $53,409,000. Van ECK Associates Corp lifted its position in shares of Firefly Aerospace by 43.8% during the 2nd quarter. Van ECK Associates Corp now owns 3,048,335 shares of the company’s stock valued at $89,621,000 after acquiring an additional 927,804 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its stake in shares of Firefly Aerospace by 151.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock worth $23,927,000 after acquiring an additional 643,886 shares in the last quarter.

Firefly Aerospace Stock Down 4.2%

FLY stock opened at $20.90 on Friday. The company has a 50 day moving average of $22.83 and a two-hundred day moving average of $29.38. The company has a market cap of $3.50 billion and a price-to-earnings ratio of -7.11. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $62.17. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The business had revenue of $117.68 million for the quarter. During the same quarter in the prior year, the firm earned ($5.78) earnings per share. The company’s revenue was up 659.2% on a year-over-year basis. On average, equities analysts anticipate that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FLY. Wall Street Zen raised Firefly Aerospace from a “sell” rating to a “hold” rating in a research report on Sunday, August 23rd. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Roth Capital cut their price objective on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. B. Riley Financial reduced their price objective on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company assumed coverage on shares of Firefly Aerospace in a report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price for the company. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.82.

Firefly Aerospace Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.