661,197 Shares in Firefly Aerospace, Inc. $FLY Bought by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC bought a new stake of 661,197 shares in Firefly Aerospace (NASDAQ:FLY) in Q3, valued at about $19.39 million and representing roughly 0.45% ownership.
• Firefly reported Q3 EPS of ($0.33) (beating estimates) and revenue of $30.78M (up 37.5% YoY); the stock trades near $22.86 with a market cap of $3.64B and a negative P/E, and analysts hold a consensus "Moderate Buy" with a $39.71 target amid mixed ratings.

WCM Investment Management LLC bought a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 661,197 shares of the company's stock, valued at approximately $19,386,000. WCM Investment Management LLC owned 0.45% of Firefly Aerospace as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Phoenix Financial Ltd. purchased a new position in shares of Firefly Aerospace in the 3rd quarter valued at about $14,468,000. Teacher Retirement System of Texas acquired a new position in Firefly Aerospace during the third quarter worth about $3,836,000. LBP AM SA purchased a new position in Firefly Aerospace in the third quarter valued at about $1,795,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Firefly Aerospace during the 3rd quarter valued at approximately $293,000. Finally, Canal Insurance CO acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth approximately $293,000.

Firefly Aerospace Stock Performance

Shares of FLY opened at $22.86 on Tuesday. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $73.80. The firm's 50 day moving average price is $24.41. The stock has a market capitalization of $3.64 billion and a P/E ratio of -3.14. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.09. The business had revenue of $30.78 million during the quarter, compared to analyst estimates of $28.93 million. The company's revenue was up 37.5% on a year-over-year basis.

Analysts Set New Price Targets

A number of analysts have commented on FLY shares. The Goldman Sachs Group boosted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Firefly Aerospace in a research report on Monday, December 29th. KeyCorp assumed coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a "sector weight" rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Firefly Aerospace from $55.00 to $28.00 and set an "overweight" rating on the stock in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Firefly Aerospace from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $40.00 to $30.00 in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Firefly Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.71.

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.

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