Wesco Aircraft Holdings Inc (NYSE:WAIR) has experienced a decrease in support from the world’s most elite money managers lately.
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Consequently, let’s take a peek at the latest action regarding Wesco Aircraft Holdings Inc (NYSE:WAIR).
Hedge fund activity in Wesco Aircraft Holdings Inc (NYSE:WAIR)
In preparation for this quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of 0% from the previous quarter.
Since Wesco Aircraft Holdings Inc (NYSE:WAIR) has experienced falling interest from the smart money, it’s safe to say that there was a specific group of money managers that elected to cut their entire stakes in Q1. Interestingly, Mike Vranos’s Ellington dumped the biggest position of the “upper crust” of funds we watch, worth close to $0.2 million in stock. These moves are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
How have insiders been trading Wesco Aircraft Holdings Inc (NYSE:WAIR)?
Insider buying is at its handiest when the company in question has seen transactions within the past 180 days. Over the latest 180-day time period, Wesco Aircraft Holdings Inc (NYSE:WAIR) has seen zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Wesco Aircraft Holdings Inc (NYSE:WAIR). These stocks are Newport Corporation (NASDAQ:NEWP), Susser Petroleum Partners LP (NYSE:SUSP), RTI International Metals, Inc. (NYSE:RTI), Applied Industrial Technologies (NYSE:AIT), and DXP Enterprises Inc (NASDAQ:DXPE). This group of stocks are in the industrial equipment wholesale industry and their market caps are closest to WAIR’s market cap.