Wesco Aircraft Holdings Inc (NYSE:WAIR) Short Interest Update

Wesco Aircraft Holdings Inc (NYSE:WAIR) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,796,100 shares, an increase of 27.7% from the May 30th total of 1,406,300 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 566,500 shares, the short-interest ratio is currently 3.2 days.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Wesco Aircraft by 7.0% in the 4th quarter. BlackRock Inc. now owns 7,970,177 shares of the aerospace company’s stock valued at $62,966,000 after buying an additional 520,781 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in Wesco Aircraft by 5.5% in the 1st quarter. Frontier Capital Management Co. LLC now owns 6,801,039 shares of the aerospace company’s stock valued at $59,781,000 after buying an additional 352,835 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Wesco Aircraft by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,054,540 shares of the aerospace company’s stock valued at $47,832,000 after buying an additional 229,050 shares in the last quarter. Cove Street Capital LLC grew its holdings in Wesco Aircraft by 9.7% in the 1st quarter. Cove Street Capital LLC now owns 2,524,112 shares of the aerospace company’s stock valued at $22,187,000 after buying an additional 224,083 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA grew its holdings in shares of Wesco Aircraft by 20.0% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 1,414,405 shares of the aerospace company’s stock worth $12,433,000 after purchasing an additional 235,603 shares in the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on WAIR shares. Cowen restated a “hold” rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Finally, Zacks Investment Research upgraded Waitr from a “sell” rating to a “hold” rating in a research note on Sunday.

Shares of NYSE WAIR opened at $10.93 on Friday. The company has a current ratio of 3.97, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average price of $10.50. Wesco Aircraft has a one year low of $7.38 and a one year high of $14.23. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.07 and a beta of 0.46.

Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Wesco Aircraft had a return on equity of 11.22% and a net margin of 2.22%. The firm had revenue of $426.47 million for the quarter, compared to analyst estimates of $414.99 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, research analysts expect that Wesco Aircraft will post 0.84 EPS for the current year.

About Wesco Aircraft

Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.

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