Loar Holdings, LLC (NYSE:LOAR) Shares Bought by Soros Fund Management LLC

Soros Fund Management LLC lifted its position in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,000 shares of the company's stock after buying an additional 25,000 shares during the period. Soros Fund Management LLC owned approximately 0.25% of Loar worth $16,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in shares of Loar by 871.3% during the 3rd quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $219,000 after acquiring an additional 2,640 shares during the period. Geode Capital Management LLC lifted its position in shares of Loar by 1.5% in the third quarter. Geode Capital Management LLC now owns 175,575 shares of the company's stock worth $13,100,000 after buying an additional 2,551 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Loar by 36.0% during the 3rd quarter. Franklin Resources Inc. now owns 188,766 shares of the company's stock worth $14,556,000 after acquiring an additional 49,966 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Loar by 71.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,009,558 shares of the company's stock valued at $75,303,000 after purchasing an additional 421,637 shares during the last quarter. Finally, Zweig DiMenna Associates LLC lifted its holdings in shares of Loar by 4.4% in the 4th quarter. Zweig DiMenna Associates LLC now owns 172,750 shares of the company's stock valued at $12,768,000 after acquiring an additional 7,300 shares during the last quarter.

Loar Stock Down 0.4 %

Shares of NYSE LOAR traded down $0.40 during trading hours on Friday, hitting $94.44. 1,307,888 shares of the stock were exchanged, compared to its average volume of 411,289. The firm has a fifty day moving average price of $75.92 and a 200-day moving average price of $78.66. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar Holdings, LLC has a 12 month low of $45.10 and a 12 month high of $99.16. The company has a market cap of $8.84 billion and a PE ratio of 393.50.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $110.40 million for the quarter, compared to analysts' expectations of $102.51 million. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts expect that Loar Holdings, LLC will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

LOAR has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 price target for the company in a research note on Thursday, April 3rd. Royal Bank of Canada restated an "outperform" rating and set a $92.00 price target on shares of Loar in a research note on Tuesday, April 1st.

About Loar

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.