Blackstone Holdings IV L.P. sold 3,000,000 shares (3.00M) of LOAR for $247,830,000.00 on 2025-06-09, reducing stake by 93.5%
Blackstone Holdings IV L.P., a 10% owner, executed 5 separate sales totaling 3,000,000 (3.00M shares) for $247,830,000.00 ($247.8M) at $82.61 per share on 2025-06-09, liquidating 93.5% of its position and leaving 209,042 shares (209.0K shares) post-transaction. This massive reduction in a substantial institutional stake represents a near-complete exit from LOAR. The sales occur against a backdrop of recent price weakness: the stock is down 15.6% from its 52-week high of $99.49 and down 15.6% over the prior 30 days, though it is up 32.3% over 90 days, suggesting this sell came after a recent rally. Notably, Blackstone had already conducted 5 separate sales on 2025-05-19 (21 days prior), indicating a sustained divestment pattern over the recent period. With LOAR trading at an elevated P/E of 220.84 relative to its $15.3M net income, the timing of this large institutional exit warrants investor attention to potential valuation and growth trajectory concerns.