Alyeska Investment Group L.P. Lowers Position in Loar Holdings Inc. $LOAR

Key Points

• Alyeska Investment Group L.P. reduced its holdings in Loar Holdings Inc. by 22.7% in the first quarter, owning approximately 502,200 shares valued at $35.48 million after selling 147,800 shares.
• Several hedge funds, including GAMMA Investing LLC and Caitong International Asset Management, significantly increased their stakes in Loar, with Caitong boosting its position by over 5,286%.
• Loar Holdings reported earnings of $0.23 per share for the most recent quarter, exceeding expectations and showing a 26.8% year-over-year revenue growth.

Alyeska Investment Group L.P. cut its holdings in Loar Holdings Inc. (NYSE:LOAR - Free Report) by 22.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 502,200 shares of the company's stock after selling 147,800 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.54% of Loar worth $35,480,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Loar by 204.9% in the first quarter. GAMMA Investing LLC now owns 372 shares of the company's stock worth $26,000 after acquiring an additional 250 shares during the period. State of Wyoming purchased a new stake in shares of Loar during the fourth quarter valued at about $53,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Loar by 5,286.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company's stock valued at $57,000 after buying an additional 793 shares during the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Loar during the fourth quarter valued at about $62,000. Finally, MetLife Investment Management LLC lifted its position in shares of Loar by 179.4% during the fourth quarter. MetLife Investment Management LLC now owns 1,735 shares of the company's stock valued at $128,000 after buying an additional 1,114 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on LOAR. Morgan Stanley began coverage on shares of Loar in a research report on Friday, May 23rd. They set an "overweight" rating and a $100.00 price target for the company. Wall Street Zen raised shares of Loar from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Citigroup increased their price target on shares of Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $97.00.

Loar Stock Performance

Shares of Loar stock opened at $73.56 on Thursday. The firm has a market capitalization of $6.89 billion, a P/E ratio of 159.91 and a beta of 0.09. The company has a quick ratio of 4.01, a current ratio of 6.15 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $74.74 and a 200 day moving average price of $78.29. Loar Holdings Inc. has a 52 week low of $62.10 and a 52 week high of $99.67.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Loar had a net margin of 9.82% and a return on equity of 5.50%. The company had revenue of $123.12 million for the quarter, compared to the consensus estimate of $122.17 million. During the same quarter in the prior year, the company earned $0.13 EPS. Loar's quarterly revenue was up 26.8% on a year-over-year basis. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. Sell-side analysts expect that Loar Holdings Inc. will post 0.28 EPS for the current year.

Loar Company Profile

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.

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