Calamos Advisors LLC Sells 16,582 Shares of Loar Holdings, LLC (NYSE:LOAR)

Calamos Advisors LLC trimmed its position in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) by 66.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,521 shares of the company's stock after selling 16,582 shares during the quarter. Calamos Advisors LLC's holdings in Loar were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOAR. Renaissance Capital LLC raised its position in Loar by 22.4% in the 3rd quarter. Renaissance Capital LLC now owns 11,392 shares of the company's stock worth $850,000 after buying an additional 2,083 shares during the last quarter. Seven Grand Managers LLC lifted its position in Loar by 33.3% during the third quarter. Seven Grand Managers LLC now owns 100,000 shares of the company's stock valued at $7,459,000 after purchasing an additional 25,000 shares during the period. nVerses Capital LLC purchased a new stake in Loar in the third quarter worth approximately $45,000. TimesSquare Capital Management LLC raised its stake in Loar by 57.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 410,509 shares of the company's stock valued at $30,620,000 after buying an additional 149,460 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in Loar during the third quarter valued at $2,667,000.

Insider Buying and Selling

In other Loar news, Chairman Brett N. Milgrim sold 120,305 shares of Loar stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $9,765,156.85. Following the sale, the chairman now directly owns 3,865,327 shares in the company, valued at approximately $313,748,592.59. The trade was a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael J. Manella sold 28,153 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $2,285,179.01. Following the completion of the sale, the insider now owns 580,388 shares in the company, valued at approximately $47,110,093.96. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,135,706 shares of company stock valued at $92,185,256.

Loar Stock Performance

Shares of NYSE LOAR traded up $1.42 during trading on Friday, hitting $77.63. The company had a trading volume of 397,372 shares, compared to its average volume of 246,658. The stock has a 50 day simple moving average of $78.79 and a 200 day simple moving average of $76.77. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar Holdings, LLC has a 12 month low of $42.57 and a 12 month high of $96.99.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $103.52 million for the quarter, compared to analysts' expectations of $97.30 million. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. Equities analysts forecast that Loar Holdings, LLC will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on LOAR. Morgan Stanley upped their price target on shares of Loar from $75.00 to $89.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 target price on shares of Loar in a report on Thursday, November 14th.

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.