Vertex One Asset Management Inc. bought a new position in shares of Aircastle Limited (NYSE:AYR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,792 shares of the transportation company’s stock, valued at approximately $1,626,000. Vertex One Asset Management Inc. owned about 0.07% of Aircastle at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Nuveen Asset Management LLC purchased a new stake in Aircastle in the 2nd quarter valued at approximately $5,737,000. Alpine Global Management LLC acquired a new stake in shares of Aircastle in the fourth quarter worth $4,822,000. Foundry Partners LLC lifted its holdings in shares of Aircastle by 11.9% during the 3rd quarter. Foundry Partners LLC now owns 715,414 shares of the transportation company’s stock valued at $16,047,000 after acquiring an additional 75,796 shares in the last quarter. West Branch Capital LLC boosted its position in Aircastle by 497.9% during the 3rd quarter. West Branch Capital LLC now owns 67,791 shares of the transportation company’s stock worth $1,521,000 after purchasing an additional 56,453 shares during the period. Finally, Denali Advisors LLC boosted its position in Aircastle by 125.9% during the 3rd quarter. Denali Advisors LLC now owns 94,200 shares of the transportation company’s stock worth $2,113,000 after purchasing an additional 52,500 shares during the period. 56.60% of the stock is currently owned by institutional investors.
Shares of NYSE AYR traded down $0.01 during mid-day trading on Tuesday, hitting $32.07. 7,257 shares of the company traded hands, compared to its average volume of 282,429. Aircastle Limited has a 1 year low of $18.63 and a 1 year high of $32.47. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 11.50 and a beta of 1.53. The business has a 50 day moving average of $32.05 and a two-hundred day moving average of $25.95.
Aircastle (NYSE:AYR) last posted its quarterly earnings data on Wednesday, November 6th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Aircastle had a return on equity of 10.52% and a net margin of 21.97%. The firm had revenue of $236.87 million for the quarter, compared to the consensus estimate of $225.72 million. As a group, equities analysts expect that Aircastle Limited will post 1.94 EPS for the current fiscal year.
In related news, insider Hart Kevin 15,000,000 shares of Aircastle stock in a transaction on Thursday, November 28th. Company insiders own 2.10% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Aircastle from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Cowen downgraded Aircastle from an “outperform” rating to a “market perform” rating and raised their target price for the company from $29.00 to $32.00 in a research note on Friday, November 8th. Goldman Sachs Group upgraded shares of Aircastle from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 6th. ValuEngine lowered Aircastle from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised shares of Aircastle from an “underweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.60.
Aircastle Company Profile
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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