Bamco Inc. NY Has $5.65 Million Holdings in Loar Holdings, LLC (NYSE:LOAR)

Bamco Inc. NY decreased its position in shares of Loar Holdings, LLC (NYSE:LOAR) by 74.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,802 shares of the company’s stock after selling 224,198 shares during the quarter. Bamco Inc. NY owned about 0.08% of Loar worth $5,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOAR. Arcadia Investment Management Corp MI bought a new stake in shares of Loar during the 2nd quarter valued at about $26,000. nVerses Capital LLC acquired a new position in Loar in the third quarter valued at approximately $45,000. Amalgamated Bank bought a new position in shares of Loar during the 2nd quarter worth approximately $37,000. Linonia Partnership LP acquired a new stake in shares of Loar during the 2nd quarter worth approximately $53,000. Finally, RiverPark Advisors LLC bought a new stake in shares of Loar in the 2nd quarter valued at $155,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOAR. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 target price on shares of Loar in a research note on Thursday, November 14th. Citigroup raised their target price on Loar from $64.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley upped their price target on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th.

Loar Price Performance

Shares of NYSE LOAR opened at $89.10 on Wednesday. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $82.23 and a 200-day moving average price of $69.78. Loar Holdings, LLC has a 1 year low of $42.57 and a 1 year high of $96.60.

Loar (NYSE:LOAR) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $103.52 million for the quarter, compared to analyst estimates of $97.30 million. The company’s quarterly revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts anticipate that Loar Holdings, LLC will post 0.28 EPS for the current year.

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.