AE Industrial Partners LP Decreases Stock Holdings in Firefly Aerospace, Inc. $FLY

AE Industrial Partners LP lowered its position in Firefly Aerospace, Inc. (NASDAQ:FLY) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 35,227,754 shares of the company’s stock after selling 1,056,789 shares during the period. Firefly Aerospace comprises about 49.1% of AE Industrial Partners LP’s investment portfolio, making the stock its biggest position. AE Industrial Partners LP owned approximately 0.22% of Firefly Aerospace worth $788,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FLY. Vanguard Group Inc. bought a new position in shares of Firefly Aerospace in the third quarter worth $53,409,000. Hudson Bay Capital Management LP bought a new position in shares of Firefly Aerospace in the third quarter worth $50,711,000. UBS Group AG increased its holdings in shares of Firefly Aerospace by 233.6% in the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after purchasing an additional 1,241,987 shares during the period. Capital World Investors bought a new position in shares of Firefly Aerospace in the third quarter worth $35,337,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Firefly Aerospace in the third quarter worth $19,899,000.

Firefly Aerospace Trading Down 0.1%

Shares of FLY opened at $33.42 on Thursday. The stock has a market capitalization of $5.36 billion and a P/E ratio of -4.10. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $28.98. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last posted its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.04. The company had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($5.09) earnings per share. On average, research analysts anticipate that Firefly Aerospace, Inc. will post -1.95 EPS for the current year.

Analyst Upgrades and Downgrades

FLY has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Morgan Stanley increased their target price on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings cut Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating and issued a $52.00 target price on shares of Firefly Aerospace in a research note on Tuesday, June 2nd. Finally, Cantor Fitzgerald reduced their target price on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.33.

Insider Activity

In related news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $45.12, for a total value of $169,876.80. Following the sale, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,441,240.96. This trade represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.50% of the stock is owned by insiders.

Firefly Aerospace Profile

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.