Stratos Wealth Partners LTD. Purchases New Holdings in Firefly Aerospace, Inc. $FLY

Key Points

• Stratos Wealth Partners purchased a new stake of 48,721 shares in Firefly Aerospace (NASDAQ:FLY) in Q4, valued at approximately $1.09 million.
• Other institutions also initiated sizable positions—JPMorgan Chase (~$19.47M), Hudson Bay Capital (~$50.71M) and Tudor Investment (~$19.90M)—indicating rising institutional interest in the stock.
• Firefly reported revenue of $57.7M (up 541% YoY) but remains unprofitable (Q EPS -$0.38; negative ROE/net margin); the stock trades near $37.57 with a $6.01B market cap and an average analyst price target of about $35 ("Moderate Buy").

Stratos Wealth Partners LTD. purchased a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 48,721 shares of the company's stock, valued at approximately $1,090,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. J. Safra Sarasin Holding AG purchased a new stake in shares of Firefly Aerospace during the fourth quarter valued at approximately $228,000. SG Americas Securities LLC purchased a new stake in shares of Firefly Aerospace during the fourth quarter valued at approximately $217,000. JPMorgan Chase & Co. purchased a new stake in shares of Firefly Aerospace during the third quarter valued at approximately $19,471,000. Hudson Bay Capital Management LP purchased a new stake in shares of Firefly Aerospace during the third quarter valued at approximately $50,711,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Firefly Aerospace during the third quarter valued at approximately $19,899,000.

Firefly Aerospace Stock Performance

NASDAQ:FLY opened at $37.57 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.51 and a quick ratio of 4.51. The business has a fifty day simple moving average of $24.07 and a two-hundred day simple moving average of $25.00. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $73.80. The company has a market capitalization of $6.01 billion and a P/E ratio of -4.09.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.48) by $0.10. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.The firm had revenue of $57.67 million during the quarter. The firm's quarterly revenue was up 541.1% compared to the same quarter last year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group increased their price target on Firefly Aerospace from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. Morgan Stanley reissued a "positive" rating on shares of Firefly Aerospace in a research report on Thursday, March 12th. Cantor Fitzgerald decreased their target price on Firefly Aerospace from $65.00 to $35.00 and set an "overweight" rating for the company in a research report on Thursday, March 26th. KeyCorp began coverage on Firefly Aerospace in a research report on Thursday, December 18th. They issued a "sector weight" rating for the company. Finally, UBS Group set a $33.00 target price on Firefly Aerospace in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.13.

Firefly Aerospace Company 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.

Want to see what other hedge funds are holding FLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.