Stock Short Interest Filing: After Reaching Milestone, Is Wesco Aircraft Holdings Incorporated (NYSE:WAIR)’s Short Interest Revealing Something?

November 21, 2016 - By Winifred Garcia   ·   0 Comments

Stock Short Interest Filing: After Reaching Milestone, Is Wesco Aircraft Holdings Incorporated (NYSE:WAIR)’s Short Interest Revealing Something?

The stock of Wesco Aircraft Holdings Incorporated (NYSE:WAIR) registered a decrease of 4.87% in short interest. WAIR’s total short interest was 3.94M shares in November as published by FINRA. Its down 4.87% from 4.14M shares, reported previously. With 285,700 shares average volume, it will take short sellers 14 days to cover their WAIR’s short positions. The short interest to Wesco Aircraft Holdings Incorporated’s float is 7.1%. Wesco Aircraft Holdings Inc (NYSE:WAIR) has declined 7.33% since April 19, 2016 and is downtrending. It has underperformed by 11.19% the S&P500.

Wesco Aircraft Holdings, Inc. is a distributor and well-known provider of supply chain management services to the global aerospace industry. The company has a market cap of $1.33 billion. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. It has a 15.07 P/E ratio. The Firm operates through two divisions: North America and Rest of World.

Insitutional Activity: The institutional sentiment increased to 0.84 in 2016 Q2. Its up 0.20, from 0.64 in 2016Q1. The ratio improved, as 18 funds sold all Wesco Aircraft Holdings Inc shares owned while 51 reduced positions. 16 funds bought stakes while 28 increased positions. They now own 85.60 million shares or 1.81% less from 87.18 million shares in 2016Q1.
Eqis Inc holds 0.03% or 29,731 shares in its portfolio. The New York-based Msd Cap L P has invested 18.5% in Wesco Aircraft Holdings Inc (NYSE:WAIR). Bank Of Ny Mellon accumulated 270,264 shares or 0% of the stock. Moreover, State Of New Jersey Common Pension Fund D has 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 55,000 shares. Parametric Associates Llc last reported 879,384 shares in the company. Carroll Associates Inc holds 0% of its portfolio in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 500 shares. New York State Common Retirement Fund reported 59,800 shares or 0% of all its holdings. The Rhode Island-based Amica Mutual Insur has invested 0.35% in Wesco Aircraft Holdings Inc (NYSE:WAIR). Aperio Gru Limited Liability Corp holds 0% of its portfolio in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 12,020 shares. Metropolitan Life Insur Com New York holds 0% or 43,176 shares in its portfolio. Makaira Prtn Lc holds 8.03M shares or 15.76% of its portfolio. Manufacturers Life Insur The last reported 39,302 shares in the company. Alliancebernstein Lp last reported 1.20 million shares in the company. Envestnet Asset has 75,144 shares for 0% of their US portfolio. Global Endowment L P reported 20,000 shares or 0.06% of all its holdings.

Insider Transactions: Since May 23, 2016, the stock had 3 buys, and 0 sales for $2.11 million net activity. 1,034 shares were bought by Castagnola David J., worth $14,627 on Monday, May 23. Another trade for 150,000 shares valued at $2.08M was made by Bancroft Thomas on Monday, August 29.

Wesco Aircraft Holdings Inc (NYSE:WAIR) Ratings Coverage

Out of 6 analysts covering Wesco Aircraft Holdings (NYSE:WAIR), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Wesco Aircraft Holdings has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Cowen & Co initiated Wesco Aircraft Holdings Inc (NYSE:WAIR) on Monday, August 31 with “Market Perform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $12 target price in Friday, November 20 report. The stock of Wesco Aircraft Holdings Inc (NYSE:WAIR) earned “Underperform” rating by Jefferies on Monday, July 18. The rating was maintained by Citigroup on Friday, August 7 with “Buy”. Rosenblatt maintained the shares of WAIR in a report on Tuesday, June 28 with “Neutral” rating. The stock has “Neutral” rating given by Rosenblatt on Tuesday, October 27.

WAIR Company Profile

Wesco Aircraft Holdings, Inc., formerly Wesco Holdings, Inc., incorporated on July 21, 2006, is a distributor and well-known 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 Firm operates business through two divisions, which include North America and Rest of World.

More notable recent Wesco Aircraft Holdings Inc (NYSE:WAIR) news were published by: Globenewswire.com which released: “Wesco Aircraft Holdings Reports Fiscal 2016 Fourth Quarter Results” on November 17, 2016, also Quotes.Wsj.com with their article: “News Wesco Aircraft Holdings Inc.WAIR” published on July 27, 2011, Businesswire.com published: “Wesco Aircraft Holdings to Acquire Haas Group Inc.; Provides Preliminary …” on January 31, 2014. More interesting news about Wesco Aircraft Holdings Inc (NYSE:WAIR) were released by: Bizjournals.com and their article: “​Wesco Aircraft names new CEO” published on April 07, 2015 as well as Globenewswire.com‘s news article titled: “Wesco Aircraft Holdings Reports Fiscal 2016 Third Quarter Results” with publication date: August 04, 2016.

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By Winifred Garcia


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