Msd Capital L P buys $75,560,722 stake in Wesco Aircraft Holdings Inc (WAIR)

Wesco Aircraft Holdings Inc (WAIR) : Msd Capital L P scooped up 81,949 additional shares in Wesco Aircraft Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 5,564,118 shares of Wesco Aircraft Holdings Inc which is valued at $75,560,722.Wesco Aircraft Holdings Inc makes up approximately 14.47% of Msd Capital L P’s portfolio.

Other Hedge Funds, Including , Mariner Wealth Advisors sold out all of its stake in WAIR during the most recent quarter. The investment firm sold 82,000 shares of WAIR which is valued $1,113,560.Hightower Advisors reduced its stake in WAIR by selling 2,405 shares or 13.82% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of WAIR which is valued at $203,700.Ubs Asset Management Americas Inc boosted its stake in WAIR in the latest quarter, The investment management firm added 11,204 additional shares and now holds a total of 48,602 shares of Wesco Aircraft Holdings Inc which is valued at $657,585.Simplex Trading boosted its stake in WAIR in the latest quarter, The investment management firm added 419 additional shares and now holds a total of 9,993 shares of Wesco Aircraft Holdings Inc which is valued at $132,807. Wesco Aircraft Holdings Inc makes up approx 0.02% of Simplex Trading’s portfolio.

Wesco Aircraft Holdings Inc closed down -0.08 points or -0.58% at $13.66 with 1,66,020 shares getting traded on Thursday. Post opening the session at $13.7, the shares hit an intraday low of $13.505 and an intraday high of $13.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Wesco Aircraft Holdings Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.28. The company had revenue of $375.20 million for the quarter, compared to analysts expectations of $381.78 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Wesco Aircraft Holdings Inc. Shares were Downgraded by Jefferies on Jul 18, 2016 to ” Underperform” and Lowered the Price Target to $ 12 from a previous price target of $14 .Shares were Reiterated by Rosenblatt on Jun 28, 2016 to “Neutral” and Lowered the Price Target to $ 12 from a previous price target of $13 .

Wesco Aircraft Holdings Inc. formerly Wesco Holdings Inc. is a distributor and provider of supply chain management solutions to the global aerospace industry. The Company’s services range from traditional distribution to the management of supplier relationships quality assurance kitting just-in-time (JIT) delivery and point-of-use inventory management. The Company operates business through two segments which include North America and Rest of World. The Company supplies 575000 active stock-keeping units (SKUs) including hardware chemicals electronic components bearings tools and machined parts. The Company serves 8300 customers which includes commercial military and general aviation sectors including the original equipment manufacturers (OEMs) and their subcontractors. The Company also services industrial customers which include customers in the automotive energy pharmaceutical and electronics sectors.

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