Abner Herrman & Brock LLC Boosts Boeing Stake by 34.2%

Abner Herrman & Brock LLC has significantly increased its stake in The Boeing Company (NYSE:BA) by 34.2% during the second quarter, according to a recent SEC filing. This investment now makes up approximately 2.7% of Abner Herrman & Brock LLC's portfolio, ranking as their 12th largest position.

The fund owned 130,043 shares of Boeing's stock after acquiring an additional 33,125 shares during the quarter, valuing its holdings at $28,150,000. Several other institutional investors have also adjusted their stakes in BA, with Vanguard Group Inc. increasing its holding by 5.1% and Alyeska Investment Group L.P. lifting its stake by 245.7%

Boeing's quarterly revenue rose 8.0% year-over-year to $24.56 billion, surpassing analysts' expectations of $24.26 billion. The company reported earnings per share of ($0.76) for the quarter, missing consensus estimates by ($0.42).