Rudman Errol M Exits Position in Wesco Aircraft Holdings Inc (WAIR)

Wesco Aircraft Holdings Inc (WAIR) : Rudman Errol M has sold out all of its stake in Wesco Aircraft Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 109,073 shares of Wesco Aircraft Holdings Inc which is valued at $1,481,211.

Other Hedge Funds, Including , Cubist Systematic Strategies sold out all of its stake in WAIR during the most recent quarter. The investment firm sold 31,829 shares of WAIR which is valued $432,238.Davis Selected Advisers reduced its stake in WAIR by selling 1,238,077 shares or 20.47% in the most recent quarter. The Hedge Fund company now holds 4,810,253 shares of WAIR which is valued at $65,323,236. Wesco Aircraft Holdings Inc makes up approx 0.27% of Davis Selected Advisers’s portfolio. Ws Management Lllp sold out all of its stake in WAIR during the most recent quarter. The investment firm sold 243,300 shares of WAIR which is valued $3,304,014.Blackrock Institutional Trust Company N.a. reduced its stake in WAIR by selling 52,450 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 1,425,955 shares of WAIR which is valued at $19,364,469.Cwm reduced its stake in WAIR by selling 10,715 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 323,916 shares of WAIR which is valued at $4,230,343. Wesco Aircraft Holdings Inc makes up approx 0.30% of Cwm’s portfolio.

Wesco Aircraft Holdings Inc opened for trading at $13.77 and hit $14.11 on the upside on Wednesday, eventually ending the session at $14.08, with a gain of 2.40% or 0.33 points. The heightened volatility saw the trading volume jump to 406,150 shares. Company has a market cap of $1,388 M.

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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