Capstone Investment Advisors LLC Buys New Shares in Firefly Aerospace, Inc. $FLY

Capstone Investment Advisors LLC purchased a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 224,891 shares of the company’s stock, valued at approximately $6,612,000. Capstone Investment Advisors LLC owned about 0.13% of Firefly Aerospace at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FLY. Lisanti Capital Growth LLC bought a new stake in Firefly Aerospace during the second quarter worth about $3,059,000. UBS Group AG grew its stake in Firefly Aerospace by 233.6% in the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock valued at $39,676,000 after purchasing an additional 1,241,987 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Firefly Aerospace during the 1st quarter worth approximately $1,431,000. Royal Bank of Canada increased its position in shares of Firefly Aerospace by 1,803.9% during the 1st quarter. Royal Bank of Canada now owns 225,782 shares of the company’s stock worth $6,428,000 after purchasing an additional 213,923 shares during the last quarter. Finally, Tema ETFs LLC raised its stake in shares of Firefly Aerospace by 133,440.2% during the 2nd quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after purchasing an additional 2,279,159 shares in the last quarter.

Firefly Aerospace Stock Down 0.4%

Firefly Aerospace stock opened at $22.16 on Friday. The stock has a market cap of $3.71 billion and a P/E ratio of -7.54. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $62.17. The company’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $29.35.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. The company had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The company’s revenue was up 659.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($5.78) EPS. As a group, analysts expect that Firefly Aerospace, Inc. will post -1.91 EPS for the current year.

Wall Street Analyst Weigh In

FLY has been the subject of several analyst reports. Wells Fargo & Company started coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Jefferies Financial Group set a $35.00 price objective on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.82.

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.