California State Teachers Retirement System Has $888,000 Holdings in Firefly Aerospace, Inc. $FLY

California State Teachers Retirement System lifted its stake in Firefly Aerospace, Inc. (NASDAQ:FLY) by 2,259.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,189 shares of the company’s stock after acquiring an additional 29,867 shares during the period. California State Teachers Retirement System’s holdings in Firefly Aerospace were worth $888,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace during the 3rd quarter worth about $26,000. CIBC Private Wealth Group LLC bought a new position in Firefly Aerospace during the third quarter valued at about $26,000. KBC Group NV acquired a new position in Firefly Aerospace in the 1st quarter valued at approximately $38,000. Russell Investments Group Ltd. acquired a new stake in shares of Firefly Aerospace during the 4th quarter worth approximately $38,000. Finally, NBC Securities Inc. acquired a new position in shares of Firefly Aerospace in the 4th quarter valued at $38,000.

Firefly Aerospace Stock Down 0.4%

Firefly Aerospace stock opened at $26.67 on Friday. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $62.17. The company’s 50 day simple moving average is $25.79 and its 200 day simple moving average is $29.41. The firm has a market capitalization of $4.46 billion and a price-to-earnings ratio of -9.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.53.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The firm had revenue of $117.68 million during the quarter. During the same quarter last year, the company posted ($5.78) EPS. Firefly Aerospace’s revenue for the quarter was up 659.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Firefly Aerospace, Inc. will post -1.86 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of Firefly Aerospace stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the completion of the transaction, the general counsel owned 142,758 shares of the company’s stock, valued at $6,441,240.96. This trade represents a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.50% of the company’s stock.

Analyst Ratings Changes

FLY has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Firefly Aerospace in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 target price on shares of Firefly Aerospace in a research report on Tuesday, May 5th. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Monday, June 15th. Wells Fargo & Company assumed coverage on Firefly Aerospace in a report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, Weiss Ratings upgraded Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.82.

Firefly Aerospace Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.