November 28, 2016 - By Linda Rogers
Michael Kriedberg, the Chief Commercial Officer of Aircastle Ltd, made a sale of 30,000 shares of the company, that are worth about $675,900 U.S. Dollars, based on a market stock price of $22.5 for each one share. A report documented published November 28, 2016 with the DC-based SEC, revealed here, shows more info about the sale. Michael Kriedberg right now holds 199,807 shares which make up precisely 0.26% of the Connecticut-based company’s market cap (share price times the number of shares outstanding).
Out of 12 analysts covering Aircastle (NYSE:AYR), 4 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 33% are positive. $28 is the highest target while $19 is the lowest. The $22.88 average target is 3.76% above today’s ($22.05) stock price. Aircastle has been the topic of 22 analyst reports since August 7, 2015 according to StockzIntelligence Inc. FBR Capital upgraded Aircastle Limited (NYSE:AYR) rating on Wednesday, November 2. FBR Capital has “Outperform” rating and $23 price target. As per Friday, August 21, the company rating was initiated by DA Davidson. The firm has “Neutral” rating by JP Morgan given on Friday, November 13. The firm has “Buy” rating given on Friday, February 12 by DA Davidson. Deutsche Bank downgraded the shares of AYR in a report on Thursday, May 5 to “Hold” rating. The rating was maintained by Cowen & Co on Friday, February 12 with “Outperform”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, November 4. The stock has “Buy” rating given by Citigroup on Tuesday, March 15. The stock of Aircastle Limited (NYSE:AYR) earned “Buy” rating by Deutsche Bank on Friday, February 12. The stock of Aircastle Limited (NYSE:AYR) earned “Overweight” rating by Barclays Capital on Monday, March 14.
Insitutional Activity: The institutional sentiment decreased to 0.75 in 2016 Q2. Its down 0.08, from 0.83 in 2016Q1. The ratio turned negative, as 9 funds sold all Aircastle Limited shares owned while 61 reduced positions. 24 funds bought stakes while 34 increased positions. They now own 50.22 million shares or 1.67% less from 51.07 million shares in 2016Q1.
The United Kingdom-based Lmr Prtnrs Llp has invested 0.03% in Aircastle Limited (NYSE:AYR). Lpl Ltd Company has 14,080 shares for 0% of their US portfolio. Teachers has 0% invested in the company for 76,075 shares. Gerstein Fisher has 0.06% invested in the company for 25,345 shares. Moreover, California State Teachers Retirement System has 0% invested in Aircastle Limited (NYSE:AYR) for 100,129 shares. The Germany-based Allianz Asset Mngmt Ag has invested 0.01% in Aircastle Limited (NYSE:AYR). Invesco Limited owns 129,737 shares or 0% of their US portfolio. Brandywine Investment Mngmt Ltd Company has invested 0.05% of its portfolio in Aircastle Limited (NYSE:AYR). 1492 Mgmt Limited reported 12,136 shares or 0.21% of all its holdings. Teacher Retirement Sys Of Texas last reported 8,268 shares in the company. Grp Inc One Trading Lp accumulated 0% or 1,470 shares. Wells Fargo And Co Mn last reported 71,408 shares in the company. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Aircastle Limited (NYSE:AYR) for 1,375 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Peak6 Invests Lp accumulated 2,753 shares or 0% of the stock.
Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 4 insider sales for $1.34 million net activity. Another trade for 50,000 shares valued at $1.06M was sold by INGLESE MICHAEL. Schreiner Joseph sold 4,998 shares worth $108,806.
About 284,760 shares traded hands. Aircastle Limited (NYSE:AYR) has risen 1.96% since April 25, 2016 and is uptrending. It has underperformed by 4.06% the S&P500.
Aircastle Limited is a holding company. The company has a market cap of $1.71 billion. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. It has a 13.04 P/E ratio. The Firm operates through leasing, financing, selling and managing commercial flight equipment segment.
According to Zacks Investment Research, “AIRCASTLE LTD are a global company that acquires and leases high utility commercial jet aircraft to passenger and cargo airlines throughout the world. High utility aircraft are generally modern, operationally efficient jets with a large operator base and long useful lives. They also make investments in other aviation assets, including debt securities secured by commercial jet aircraft.”
Analysts await Aircastle Limited (NYSE:AYR) to report earnings on February, 9. They expect $0.46 EPS, down 26.98% or $0.17 from last year’s $0.63 per share. AYR’s profit will be $35.67 million for 11.98 P/E if the $0.46 EPS becomes a reality. After $0.36 actual EPS reported by Aircastle Limited for the previous quarter, Wall Street now forecasts 27.78% EPS growth.
More notable recent Aircastle Limited (NYSE:AYR) news were published by: Nasdaq.com which released: “Aircastle Limited (AYR) Ex-Dividend Date Scheduled for November 25, 2016” on November 23, 2016, also Moodys.com with their article: “Moody’s upgrades Aircastle’s senior unsecured rating to Ba1” published on March 16, 2016, Prnewswire.com published: “Aircastle Closes Inaugural Asian Revolving Credit Facility” on November 21, 2016. More interesting news about Aircastle Limited (NYSE:AYR) were released by: Marketwatch.com and their article: “Aircastle Ltd.” published on February 24, 2011 as well as Streetinsider.com‘s news article titled: “Aircastle Limited (AYR) Enters JV with Mizuho’s IBJ Leasing” with publication date: February 18, 2016.
Aircastle Limited, incorporated on October 29, 2004, is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling high-utility commercial jet aircraft. The Firm operates through leasing, financing, selling and managing commercial flight equipment segment. The Company’s aircraft portfolio consists of approximately 160 aircraft leased to over 50 lessees located in approximately 30 countries.
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By Linda Rogers