Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 485,711 Firefly Aerospace, Inc. $FLY

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 485,711 shares of the company’s stock, valued at approximately $14,280,000.

A number of other hedge funds also recently added to or reduced their stakes in FLY. BNP Paribas Financial Markets bought a new stake in shares of Firefly Aerospace in the 3rd quarter worth $26,000. CIBC Private Wealth Group LLC bought a new position in shares of Firefly Aerospace during the third quarter valued at $26,000. California State Teachers Retirement System bought a new position in shares of Firefly Aerospace during the fourth quarter valued at $30,000. NBC Securities Inc. purchased a new stake in shares of Firefly Aerospace during the fourth quarter valued at $38,000. Finally, KBC Group NV bought a new stake in Firefly Aerospace in the 1st quarter worth about $38,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FLY. Jefferies Financial Group set a $35.00 price target on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Finally, Morgan Stanley upped their price objective on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Firefly Aerospace has an average rating of “Moderate Buy” and a consensus target price of $36.82.

Firefly Aerospace Price Performance

Shares of Firefly Aerospace stock opened at $23.63 on Friday. The company has a market capitalization of $3.96 billion and a price-to-earnings ratio of -8.04. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $24.99 and its 200-day simple moving average is $29.38. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $62.17.

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

About Firefly Aerospace

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.