December 1, 2016 - By Dolores Ford · 0 Comments
Air Lease Corp (NYSE:AL) institutional sentiment decreased to 1.11 in 2016 Q2. Its down -0.10, from 1.21 in 2016Q1. The ratio has worsened, as 115 funds started new or increased holdings, while 95 cut down and sold holdings in Air Lease Corp. The funds in our partner’s database now hold: 88.75 million shares, down from 90.72 million shares in 2016Q1. Also, the number of funds holding Air Lease Corp in their top 10 holdings decreased from 8 to 7 for a decrease of 1. Sold All: 19 Reduced: 76 Increased: 86 New Position: 29.
Air Lease Corporation is an aircraft leasing company. The company has a market cap of $3.72 billion. The Firm is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company and Airbus S.A.S. (Airbus), and leasing those aircraft to airlines across the world. It has a 10.77 P/E ratio. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
About 272,761 shares traded hands. Air Lease Corp (NYSE:AL) has risen 14.64% since April 28, 2016 and is uptrending. It has outperformed by 8.72% the S&P500.
Analysts await Air Lease Corp (NYSE:AL) to report earnings on February, 23. They expect $0.83 EPS, down 29.06% or $0.34 from last year’s $1.17 per share. AL’s profit will be $86.03 million for 10.81 P/E if the $0.83 EPS becomes a reality. After $0.86 actual EPS reported by Air Lease Corp for the previous quarter, Wall Street now forecasts -3.49% negative EPS growth.
According to Zacks Investment Research, “Air Lease Corporation is an aircraft leasing company principally engaged in purchasing commercial aircraft and leasing to airlines around the world. The Company provides leasing services in Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. Air Lease Corporation is based in Los Angeles, California.”
Tegean Capital Management Llc holds 7.82% of its portfolio in Air Lease Corp for 400,000 shares. Selz Capital Llc owns 993,800 shares or 7.57% of their US portfolio. Moreover, Underhill Investment Management Llc has 7.41% invested in the company for 512,450 shares. The New York-based Gagnon Advisors Llc has invested 7.32% in the stock. Southport Management L.L.C., a Wyoming-based fund reported 110,343 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $951,804 net activity.
Ratings analysis reveals 100% of Air Lease’s analysts are positive. Out of 7 Wall Street analysts rating Air Lease, 7 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $33 while the high is $73. The stock’s average target of $49.08 is 36.75% above today’s ($35.89) share price. AL was included in 16 notes of analysts from August 7, 2015. RBC Capital Markets maintained the shares of AL in a report on Friday, November 6 with “Top Pick” rating. As per Friday, November 13, the company rating was upgraded by JP Morgan. RBC Capital Markets maintained the stock with “Top Pick” rating in Friday, May 6 report. As per Friday, August 21, the company rating was initiated by DA Davidson. The company was maintained on Friday, August 7 by RBC Capital Markets. The company was maintained on Friday, August 7 by Deutsche Bank. The firm earned “Outperform” rating on Monday, December 28 by Credit Suisse. The firm has “Outperform” rating given on Friday, November 4 by FBR Capital. The firm has “Outperform” rating given on Tuesday, October 13 by FBR Capital. On Friday, August 5 the stock rating was maintained by FBR Capital with “Outperform”.
Air Lease Corporation, incorporated on January 22, 2010, is an aircraft leasing company. The Firm is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines. The Firm also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The Firm provides aircraft to airline clients in various markets, such as Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa and North America.
More recent Air Lease Corp (NYSE:AL) news were published by: Seekingalpha.com which released: “Avoid Air Lease Corporation (And The Entire Aircraft Lease Industry)” on September 19, 2016. Also Bloomberg.com published the news titled: “Industry ‘Godfather’ Udvar-Hazy to Cede CEO’s Role at Air Lease” on June 17, 2016. Globenewswire.com‘s news article titled: “Air Lease Corporation Announces Placements of Six New Airbus A321neo Aircraft …” with publication date: September 20, 2016 was also an interesting one.
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By Dolores Ford