Weatherbie Capital Lowers stake in Heico Corp (HEI)

Heico Corp (HEI) : Weatherbie Capital reduced its stake in Heico Corp by 12.97% during the most recent quarter end. The investment management company now holds a total of 324,540 shares of Heico Corp which is valued at $23,220,837 after selling 48,347 shares in Heico Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Heico Corp makes up approximately 3.03% of Weatherbie Capital’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in HEI by selling 20,877 shares or 54.06% in the most recent quarter. The Hedge Fund company now holds 17,743 shares of HEI which is valued at $1,269,512. Mesirow Financial Investment Management – Equity Management added HEI to its portfolio by purchasing 334,052 company shares during the most recent quarter which is valued at $23,817,908. Heico Corp makes up approx 1.36% of Mesirow Financial Investment Management – Equity Management’s portfolio.Fortaleza Asset Management Inc reduced its stake in HEI by selling 1,985 shares or 33.42% in the most recent quarter. The Hedge Fund company now holds 3,955 shares of HEI which is valued at $278,116. Heico Corp makes up approx 0.21% of Fortaleza Asset Management Inc’s portfolio. Financial Management Professionals added HEI to its portfolio by purchasing 134 company shares during the most recent quarter which is valued at $9,423.

Heico Corp closed down -0.85 points or -1.15% at $73.37 with 1,54,481 shares getting traded on Tuesday. Post opening the session at $74.5, the shares hit an intraday low of $73.355 and an intraday high of $74.659 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Heico Corp reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $0.59. The company had revenue of $356.10 million for the quarter, compared to analysts expectations of $356.35 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts aircraft accessories component repair and overhaul services for avionic electro-mechanical flight surface hydraulic and pneumatic applications; distributes aircraft parts and manufactures other critical aircraft parts. It operates through two operating segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Flight Support Group designs manufactures repairs overhauls and distributes jet engine and aircraft component replacement parts. Its Electronic Technologies Group designs and manufactures electronic electro-optical microwave and other components found in aviation broadcast defense homeland security medical space telecom and other complex equipment. Its customers include airlines overhaul shops satellite manufacturers commercial and defense equipment producers and telecommunications equipment suppliers.

Leave a Reply

Heico Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Heico Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.