Victory Capital Management Inc. Has $621,000 Stake in Loar Holdings, LLC (NYSE:LOAR)

Victory Capital Management Inc. decreased its position in Loar Holdings, LLC (NYSE:LOAR) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,398 shares of the company’s stock after selling 262 shares during the period. Victory Capital Management Inc.’s holdings in Loar were worth $621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in Loar in the 4th quarter worth approximately $61,000. R Squared Ltd purchased a new stake in Loar in the 4th quarter worth approximately $95,000. Amalgamated Bank lifted its position in Loar by 190.7% in the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company’s stock worth $148,000 after buying an additional 1,312 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Loar in the 4th quarter worth approximately $201,000. Finally, Barclays PLC lifted its position in Loar by 871.3% in the 3rd quarter. Barclays PLC now owns 2,943 shares of the company’s stock worth $219,000 after buying an additional 2,640 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their target price on shares of Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, February 24th.

Loar Stock Down 0.7 %

NYSE LOAR opened at $64.95 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. The company’s fifty day moving average is $72.44 and its two-hundred day moving average is $77.14. Loar Holdings, LLC has a 52-week low of $42.57 and a 52-week high of $96.99.

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.