Caitong International Asset Management Co. Ltd Purchases 16,745 Shares of Firefly Aerospace, Inc. $FLY

Caitong International Asset Management Co. Ltd increased its position in Firefly Aerospace, Inc. (NASDAQ:FLY) by 140.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,689 shares of the company’s stock after buying an additional 16,745 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Firefly Aerospace were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in FLY. TD Asset Management Inc bought a new position in shares of Firefly Aerospace during the third quarter valued at $4,353,000. LBP AM SA grew its stake in shares of Firefly Aerospace by 265.5% in the fourth quarter. LBP AM SA now owns 223,855 shares of the company’s stock worth $5,008,000 after purchasing an additional 162,617 shares during the last quarter. Liontrust Investment Partners LLP acquired a new stake in Firefly Aerospace in the third quarter valued at $1,790,000. Hudson Bay Capital Management LP acquired a new stake in Firefly Aerospace in the third quarter valued at $50,711,000. Finally, Tudor Investment Corp ET AL acquired a new position in Firefly Aerospace during the 3rd quarter worth about $19,899,000.

Insiders Place Their Bets

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.04, for a total transaction of $169,620.64. Following the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at approximately $6,429,820.32. This represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.50% of the company’s stock.

Firefly Aerospace Price Performance

Firefly Aerospace stock opened at $30.95 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $73.80. The firm’s fifty day moving average is $39.43 and its 200 day moving average is $29.65. The company has a market capitalization of $4.96 billion and a PE ratio of -3.80.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million during the quarter. During the same quarter in the previous year, the business posted ($5.09) earnings per share. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. As a group, sell-side analysts predict that Firefly Aerospace, Inc. will post -1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FLY. The Goldman Sachs Group upped their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a research report on Thursday, March 12th. KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday, June 15th. Morgan Stanley lifted their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald dropped their target price on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.