Boeing Sees New Investment from Bridgewater Advisors
Bridgewater Advisors Inc., a prominent investment firm, has taken a new position in The Boeing Company (NYSE:BA), purchasing 7,353 shares worth approximately $1.704 million during the second quarter.
The move is one of several recent transactions involving major institutional investors and Boeing stock. According to data from MarketBeat.com, other hedge funds and investment firms have bought and sold significant stakes in the company over the past few quarters.
Among them, Sivia Capital Partners LLC increased its stake by 16.5% during the second quarter, while AXA S.A. lifted its stake by a staggering 1,225.7%. Ieq Capital LLC also saw a notable increase of 243.8%, and Alliancebernstein L.P. boosted its holdings by 4.2%.
These developments come as Boeing continues to navigate the challenges of the aerospace industry. The company's latest earnings report showed a loss of $0.76 per share, missing analysts' expectations.