Phoenix Financial Ltd. Boosts Holdings in Firefly Aerospace, Inc. $FLY

Phoenix Financial Ltd. boosted its holdings in Firefly Aerospace, Inc. (NASDAQ:FLY) by 33.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 660,060 shares of the company’s stock after purchasing an additional 166,599 shares during the quarter. Phoenix Financial Ltd. owned approximately 0.41% of Firefly Aerospace worth $14,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Firefly Aerospace by 478.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 124,900 shares of the company’s stock worth $2,968,000 after buying an additional 103,300 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Firefly Aerospace by 74.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,379 shares of the company’s stock valued at $98,000 after acquiring an additional 1,871 shares in the last quarter. Strs Ohio bought a new stake in Firefly Aerospace in the 4th quarter valued at $85,000. Jennison Associates LLC lifted its stake in Firefly Aerospace by 6.1% in the 4th quarter. Jennison Associates LLC now owns 356,692 shares of the company’s stock worth $7,979,000 after purchasing an additional 20,359 shares in the last quarter. Finally, Huntleigh Advisors Inc. bought a new position in shares of Firefly Aerospace during the 4th quarter valued at about $1,013,000.

Firefly Aerospace Stock Up 7.6%

Shares of NASDAQ FLY opened at $42.38 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $73.80. The firm’s 50-day moving average price is $31.58 and its 200-day moving average price is $26.01. The stock has a market capitalization of $6.79 billion and a price-to-earnings ratio of -5.20.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.04. The company had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($5.09) EPS. On average, equities research analysts anticipate that Firefly Aerospace, Inc. will post -1.81 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of Firefly Aerospace stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the sale, the general counsel owned 142,758 shares in the company, valued at $6,429,820.32. This trade represents a 2.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FLY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Morgan Stanley increased their price target on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Jefferies Financial Group raised their price target on Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, April 13th. B. Riley Financial initiated coverage on Firefly Aerospace in a report on Wednesday, May 6th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.56.

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.