RBC Boosts Stake in Firefly Aerospace with Huge Share Purchase

Royal Bank of Canada significantly increased its stake in Firefly Aerospace by acquiring an additional 213,923 shares in the 1st quarter. This boost represents a 1,803.9% increase in Royal Bank's position in the company.

The institutional investor now owns approximately 225,782 shares of Firefly Aerospace's stock, valued at $6,428,000 as of its most recent SEC filing. The stake accounts for about 0.14% of Firefly Aerospace's outstanding shares.

Firefly Aerospace has been performing well, with strong Q2 results showing revenue of $117.7 million, a 659% year-over-year increase, and adjusted EPS beating consensus estimates by $0.08.