Quantbot Technologies LP Takes $3.11 Million Position in Loar Holdings, LLC (NYSE:LOAR)

Quantbot Technologies LP purchased a new stake in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,048 shares of the company's stock, valued at approximately $3,108,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arcadia Investment Management Corp MI bought a new position in Loar in the 4th quarter valued at $61,000. Captrust Financial Advisors lifted its stake in shares of Loar by 9.8% during the third quarter. Captrust Financial Advisors now owns 10,471 shares of the company's stock valued at $781,000 after acquiring an additional 938 shares during the period. Picton Mahoney Asset Management boosted its holdings in Loar by 5.6% in the fourth quarter. Picton Mahoney Asset Management now owns 19,300 shares of the company's stock valued at $1,426,000 after acquiring an additional 1,030 shares during the last quarter. R Squared Ltd acquired a new stake in Loar in the fourth quarter worth about $95,000. Finally, Amalgamated Bank raised its holdings in Loar by 190.7% during the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company's stock worth $148,000 after purchasing an additional 1,312 shares during the last quarter.

Loar Stock Up 1.7 %

Shares of NYSE:LOAR traded up $1.14 during midday trading on Thursday, hitting $67.73. The company had a trading volume of 884,331 shares, compared to its average volume of 395,872. 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. The firm has a fifty day simple moving average of $71.96 and a 200 day simple moving average of $77.14.

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Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their target price on shares of Loar from $100.00 to $92.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th.

Loar Company Profile

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.