MARSHALL WACE ASIA Ltd bought a new position in shares of Aircastle Limited (NYSE:AYR) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 9,176 shares of the transportation company’s stock, valued at approximately $220,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AYR. Norges Bank purchased a new position in Aircastle Limited during the fourth quarter worth about $10,051,000. James Investment Research Inc. raised its position in Aircastle Limited by 14,409.7% in the first quarter. James Investment Research Inc. now owns 101,568 shares of the transportation company’s stock worth $2,451,000 after buying an additional 100,868 shares during the last quarter. Advisors Asset Management Inc. raised its position in Aircastle Limited by 7.4% in the first quarter. Advisors Asset Management Inc. now owns 1,271,262 shares of the transportation company’s stock worth $30,676,000 after buying an additional 87,699 shares during the last quarter. State Street Corp raised its position in Aircastle Limited by 8.1% in the fourth quarter. State Street Corp now owns 1,031,190 shares of the transportation company’s stock worth $21,503,000 after buying an additional 77,176 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Aircastle Limited by 13.5% in the first quarter. Foundry Partners LLC now owns 642,942 shares of the transportation company’s stock worth $15,514,000 after buying an additional 76,319 shares in the last quarter. 63.41% of the stock is owned by hedge funds and other institutional investors.
Aircastle Limited (AYR) traded down 1.01% during mid-day trading on Tuesday, hitting $21.48. 14,630 shares of the stock were exchanged. The stock has a 50 day moving average price of $21.95 and a 200 day moving average price of $22.67. Aircastle Limited has a 1-year low of $18.26 and a 1-year high of $25.98. The company has a market capitalization of $1.69 billion, a PE ratio of 10.74 and a beta of 1.80.
Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Thursday, May 4th. The transportation company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.22 million. Aircastle Limited had a return on equity of 8.88% and a net margin of 19.81%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS. On average, equities analysts anticipate that Aircastle Limited will post $2.38 earnings per share for the current fiscal year.
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AYR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, July 4th. Barclays PLC assumed coverage on shares of Aircastle Limited in a research report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 target price for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 target price on shares of Aircastle Limited in a research report on Friday, April 21st. Wells Fargo & Company reissued a “market perform” rating and issued a $24.00 target price (down from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. Finally, FBR & Co decreased their price objective on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.20.
Aircastle Limited Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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