Victory Capital Management Inc. Sells 262 Shares of Loar Holdings, LLC (NYSE:LOAR)

Victory Capital Management Inc. trimmed its holdings in shares of Loar Holdings, LLC (NYSE:LOAR) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in Loar during the fourth quarter valued at approximately $61,000. R Squared Ltd acquired a new position in Loar during the fourth quarter valued at approximately $95,000. Amalgamated Bank grew its holdings in Loar by 190.7% during the fourth quarter. Amalgamated Bank now owns 2,000 shares of the company’s stock valued at $148,000 after purchasing an additional 1,312 shares during the period. CIBC Asset Management Inc acquired a new position in Loar during the fourth quarter valued at approximately $201,000. Finally, Barclays PLC grew its holdings in Loar by 871.3% during the third quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $219,000 after purchasing an additional 2,640 shares during the period.

Loar Trading Down 0.7 %

Loar stock opened at $64.95 on Friday. Loar Holdings, LLC has a twelve month low of $42.57 and a twelve month high of $96.99. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $72.44 and a 200-day moving average of $77.14.

Analyst Upgrades and Downgrades

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