Boeing Attracts $13M Investment from Castleark Management
Castleark Management LLC has invested $12.88 million in The Boeing Company (NYSE:BA), purchasing 59,520 shares of the aircraft producer's stock according to its most recent 13F filing with the Securities & Exchange Commission.
This is not an isolated instance, as several other hedge funds and institutional investors have also recently made changes to their positions in BA. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the third quarter worth $25,000, while Strive Financial Group LLC acquired a new position in shares of Boeing during the fourth quarter valued at about $25,000.
The company's quarterly earnings results on July 28th showed that Boeing reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The firm had revenue of $24.56 billion for the quarter, compared to analysts' expectations of $24.26 billion.