R Squared Ltd Makes New Investment in The Boeing Company (NYSE:BA)

R Squared Ltd purchased a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,090 shares of the aircraft producer’s stock, valued at approximately $193,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the 3rd quarter worth approximately $30,000. Planning Capital Management Corp boosted its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares in the last quarter. Finally, Albion Financial Group UT grew its position in Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $174.03 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The company has a market capitalization of $107.58 billion, a price-to-earnings ratio of -13.49 and a beta of 1.52. The business’s 50 day moving average price is $167.68 and its two-hundred day moving average price is $164.19.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. Sell-side analysts forecast that The Boeing Company will post -16.39 earnings per share for the current year.

Analyst Ratings Changes

BA has been the subject of a number of research reports. Citigroup cut their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.