Caas Capital Management LP Has $354,000 Stock Holdings in The Boeing Company (NYSE:BA)

Caas Capital Management LP lifted its stake in shares of The Boeing Company (NYSE:BA) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the aircraft producer’s stock after acquiring an additional 1,000 shares during the quarter. Caas Capital Management LP’s holdings in Boeing were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BA. AdvisorNet Financial Inc boosted its position in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after buying an additional 710 shares during the last quarter. Carnegie Investment Counsel boosted its position in shares of Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 2,943 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after buying an additional 38,300 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 0.3 %

NYSE:BA opened at $175.95 on Tuesday. The stock has a market cap of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77. The business’s 50-day moving average price is $169.50 and its two-hundred day moving average price is $164.05.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BA. TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Company Profile

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.