Pinnbrook Capital Management LP Invests $4.91 Million in The Boeing Company (NYSE:BA)

Pinnbrook Capital Management LP acquired a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,720 shares of the aircraft producer’s stock, valued at approximately $4,906,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter worth about $28,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth about $30,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BA. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Down 0.5 %

Shares of BA opened at $184.52 on Tuesday. The company has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The company’s fifty day simple moving average is $174.96 and its 200 day simple moving average is $163.90. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.