1 day Ago By ABMN Staff
Air Lease Co. ( NYSE:AL – Get Free Report ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 3,120,000 shares, a decrease of 11.
4% from the August 15th total of 3,520,000 shares. Based on an average daily volume of 754,600 shares, the days-to-cover ratio is currently 4.1 days.
Currently, 3.0% of the company’s stock are sold short. Air Lease Stock Performance Shares of AL stock traded up $0.
29 during trading hours on Wednesday, reaching $44.47. The stock had a trading volume of 1,252,114 shares, compared to its average volume of 1,022,713.
The firm has a market capitalization of $4.95 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.
91 and a beta of 1.59. The firm has a 50-day simple moving average of $45.
45 and a 200-day simple moving average of $47.14. Air Lease has a twelve month low of $33.
33 and a twelve month high of $52.31. The company has a debt-to-equity ratio of 2.
69, a current ratio of 0.50 and a quick ratio of 0.50.
Air Lease ( NYSE:AL – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.
56 by ($0.41). The firm had revenue of $667.
29 million during the quarter, compared to analyst estimates of $687.93 million. Air Lease had a net margin of 20.
85% and a return on equity of 8.97%. As a group, equities analysts forecast that Air Lease will post 6.
68 earnings per share for the current year. Air Lease Dividend Announcement Institutional Inflows and Outflows Institutional investors and hedge funds have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co.
bought a new stake in shares of Air Lease during the second quarter valued at about $2,674,000. Sanctuary Advisors LLC acquired a new position in Air Lease during the 2nd quarter valued at about $1,945,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Air Lease by 44.
2% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 36,500 shares of the transportation company’s stock worth $1,735,000 after buying an additional 11,187 shares in the last quarter. Creative Planning lifted its stake in shares of Air Lease by 23.
6% in the 2nd quarter. Creative Planning now owns 8,885 shares of the transportation company’s stock worth $422,000 after acquiring an additional 1,698 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of Air Lease by 79.
6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 91,572 shares of the transportation company’s stock worth $4,352,000 after acquiring an additional 40,572 shares during the period. Institutional investors own 94.
59% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently issued reports on AL shares. Barclays reduced their price objective on Air Lease from $55.
00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co.
cut their target price on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, August 5th.
Finally, TD Cowen assumed coverage on Air Lease in a report on Monday, July 29th. They set a “buy” rating and a $58.00 target price for the company.
One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.75.
Read Our Latest Analysis on AL About Air Lease ( Get Free Report ) Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.
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