Amica Retiree Medical Trust buys $394,158 stake in Wesco Aircraft Holdings Inc (WAIR)

Wesco Aircraft Holdings Inc (WAIR) : Amica Retiree Medical Trust scooped up 9,990 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 2, 2016. The investment management firm now holds a total of 30,390 shares of Wesco Aircraft Holdings Inc which is valued at $394,158.Wesco Aircraft Holdings Inc makes up approximately 0.33% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in WAIR by selling 15,000 shares or 21.43% in the most recent quarter. The Hedge Fund company now holds 55,000 shares of WAIR which is valued at $713,350.Bbva Compass Bancshares Inc reduced its stake in WAIR by selling 27,116 shares or 50.26% in the most recent quarter. The Hedge Fund company now holds 26,833 shares of WAIR which is valued at $344,804. Wesco Aircraft Holdings Inc makes up approx 0.03% of Bbva Compass Bancshares Inc’s portfolio.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.Eqis Capital Management boosted its stake in WAIR in the latest quarter, The investment management firm added 1,142 additional shares and now holds a total of 29,731 shares of Wesco Aircraft Holdings Inc which is valued at $397,206. Wesco Aircraft Holdings Inc makes up approx 0.03% of Eqis Capital Management’s portfolio.

Wesco Aircraft Holdings Inc opened for trading at $13.35 and hit $13.495 on the upside on Monday, eventually ending the session at $13.44, with a gain of 0.45% or 0.06 points. The heightened volatility saw the trading volume jump to 3,46,309 shares. Company has a market cap of $1,325 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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