Seven Eight Capital LP Makes New $1.73 Million Investment in The Boeing Company (NYSE:BA)

Seven Eight Capital LP acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,511 shares of the aircraft producer’s stock, valued at approximately $1,731,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after buying an additional 50 shares in the last quarter. Davis R M Inc. lifted its holdings in shares of Boeing by 1.8% in the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after purchasing an additional 52 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after purchasing an additional 56 shares during the period. Madison Park Capital Advisors LLC increased its stake in Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its holdings in Boeing by 4.3% during the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after buying an additional 60 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BA shares. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Baird R W raised shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Robert W. Baird dropped their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, UBS Group reduced their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Trading Down 0.8 %

BA opened at $155.17 on Thursday. The company has a 50 day moving average of $172.38 and a 200 day moving average of $178.23. The Boeing Company has a 12 month low of $154.02 and a 12 month high of $267.54. The company has a market cap of $95.26 billion, a PE ratio of -43.71 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.82) EPS. Research analysts forecast that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

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.