NEW YORK, May 15 (Reuters) - Renaissance Technologies,
Two Sigma Investments and Arrowstreet Capital were among large
firms that sold all their shares of embattled aircraft maker
Boeing Co ( BA ) in the first quarter, according to securities
filings released on Wednesday.
Renaissance Technologies sold 1,057,900 shares in Boeing ( BA )
over the first quarter, a position that was worth slightly more
than $240 million at the end of the period and would be worth
about $187 million now. Two Sigma Investments sold 108,423
shares, while Arrowstreet Capital sold 47,571 shares.
Shares of Boeing ( BA ) are down 32% for the year-to-date as the
aircraft manufacturer battles a safety crisis exacerbated by a
January mid-air panel blowout on a 737 MAX plane. Chief
Executive Dave Calhoun said on March 25 that he will step down
by the end of the year.
The U.S. Justice Department on Wednesday said Boeing ( BA )
breached its obligations under a 2021 agreement that kept the
planemaker from criminal prosecution following fatal 737 MAX
crashes in 2018 and 2019 that killed a total of 346 people.
The Justice Department finding raises the prospect that
Boeing ( BA ) could face prosecution it had previously avoided, which
could result in fresh penalties.
A refrigerator-sized panel tore off a Boeing 737 MAX 9 jet
operated by Alaskan Airlines in January, forcing pilots
to turn back and land safely with all 171 passengers and six
crew on board.
Loomis Sayles and Wellington Management Co were among the
largest buyers of Boeing ( BA ) stock in the first quarter, according
to securities filings.
Quarterly disclosures of hedge fund and other institutional
investors stock holdings in 13F filings with the U.S. Securities
and Exchange Commission are one of the few public ways of
tracking what hedge fund managers are selling and buying. The
disclosures are made 45 days after the end of each quarter and
may not reflect current positions.