Paloma Partners Management Co Takes $241,000 Position in Aircastle Limited (AYR)

Paloma Partners Management Co acquired a new position in Aircastle Limited (NYSE:AYR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,953 shares of the transportation company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AYR. IFP Advisors Inc lifted its holdings in Aircastle by 96.3% during the 4th quarter. IFP Advisors Inc now owns 2,038 shares of the transportation company’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aircastle by 29.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,560 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 1,048 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Aircastle by 82.1% in the 4th quarter. Advisor Group Inc. now owns 7,848 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 3,538 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Aircastle in the 3rd quarter valued at about $203,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Aircastle in the 3rd quarter valued at about $206,000. 58.70% of the stock is owned by hedge funds and other institutional investors.

NYSE:AYR traded down $0.13 during trading hours on Friday, hitting $19.97. 187,036 shares of the company were exchanged, compared to its average volume of 254,437. The company has a market cap of $1.50 billion, a PE ratio of 6.30 and a beta of 1.72. Aircastle Limited has a 52-week low of $15.75 and a 52-week high of $23.14.

Aircastle (NYSE:AYR) last released its earnings results on Tuesday, February 12th. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Aircastle had a net margin of 27.77% and a return on equity of 12.57%. The company had revenue of $292.60 million for the quarter, compared to the consensus estimate of $282.86 million. During the same quarter in the previous year, the firm earned $0.72 EPS. Aircastle’s revenue was up 48.8% compared to the same quarter last year. As a group, research analysts anticipate that Aircastle Limited will post 2.12 earnings per share for the current fiscal year.

In other Aircastle news, insider Michael Kriedberg sold 35,000 shares of Aircastle stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $20.45, for a total transaction of $715,750.00. Following the completion of the sale, the insider now directly owns 180,968 shares in the company, valued at approximately $3,700,795.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Several equities research analysts have recently commented on AYR shares. TheStreet lowered shares of Aircastle from a “b-” rating to a “c+” rating in a report on Friday, December 28th. Bank of America lowered shares of Aircastle from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $23.00 to $20.00 in a report on Thursday, February 14th. Zacks Investment Research raised shares of Aircastle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine raised shares of Aircastle from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Goldman Sachs Group started coverage on shares of Aircastle in a research report on Monday, April 8th. They issued a “sell” rating and a $18.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.86.

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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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Institutional Ownership by Quarter for Aircastle (NYSE:AYR)

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