Squarepoint Ops LLC purchased a new stake in shares of Loar Holdings, LLC (NYSE:LOAR – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 63,000 shares of the company’s stock, valued at approximately $3,365,000. Squarepoint Ops LLC owned 0.07% of Loar as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of Loar during the 2nd quarter valued at $26,000. Amalgamated Bank purchased a new stake in Loar in the 2nd quarter worth $37,000. RiverPark Advisors LLC bought a new stake in Loar during the second quarter valued at about $155,000. WINTON GROUP Ltd purchased a new position in shares of Loar in the second quarter valued at about $205,000. Finally, Summit Securities Group LLC purchased a new position in shares of Loar in the second quarter valued at about $344,000.
Loar Trading Down 3.7 %
NYSE LOAR opened at $71.83 on Wednesday. The firm’s 50 day moving average price is $69.65. Loar Holdings, LLC has a one year low of $42.57 and a one year high of $80.79. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on LOAR shares. Citigroup lifted 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. Royal Bank of Canada lifted their price objective on shares of Loar from $65.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, Morgan Stanley upped their target price on shares of Loar from $55.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th.
Get Our Latest Research Report on LOAR
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.
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