Pacific Alternative Asset Management Company Lifted Air Lease (AL) Stake; Nuveen Amt-free Municipal Income Fund (NEA) Sentiment Is 1.58

September 13, 2017 - By Clifton Ray

Pacific Alternative Asset Management Company Llc increased Air Lease Corp (AL) stake by 74.22% reported in 2016Q4 SEC filing. Pacific Alternative Asset Management Company Llc acquired 38,350 shares as Air Lease Corp (AL)’s stock declined 4.16%. The Pacific Alternative Asset Management Company Llc holds 90,020 shares with $3.09 million value, up from 51,670 last quarter. Air Lease Corp now has $4.14 billion valuation. The stock declined 0.10% or $0.04 reaching $40.08 on the news. About 123,126 shares traded. Air Lease Corp (NYSE:AL) has risen 29.12% since September 13, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.

Nuveen AMT-Free Quality Municipal Income Fund is a diversified, closed-end management investment company. The company has market cap of $3.72 billion. The Fund’s investment objectives are to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund’s investment advisor believes are underrated or undervalued or that represent municipal market sectors that are undervalued. It currently has negative earnings. It invests in municipal securities that are exempt from federal income taxes.

Robinson Capital Management Llc holds 5.95% of its portfolio in Nuveen Amt-Free Quality Municpl Incm Fnd for 822,079 shares. Rivernorth Capital Management Llc owns 3.06 million shares or 2.66% of their US portfolio. Moreover, Oxbow Advisors Llc has 2.03% invested in the company for 1.22 million shares. The Washington-based Tradewinds Capital Management Llc has invested 1.46% in the stock. Mackay Shields Llc, a New York-based fund reported 1.80 million shares.

About 157,247 shares traded. Nuveen Amt-Free Quality Municpl Incm Fnd (NEA) has declined 6.51% since September 13, 2016 and is downtrending. It has underperformed by 23.21% the S&P500.

Among 12 analysts covering Air Lease (NYSE:AL), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Air Lease had 29 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Tuesday, November 22 with “Outperform”. The stock of Air Lease Corp (NYSE:AL) has “Buy” rating given on Friday, August 21 by DA Davidson. The rating was maintained by FBR Capital on Friday, May 5 with “Outperform”. The stock has “Top Pick” rating by RBC Capital Markets on Friday, November 6. The stock of Air Lease Corp (NYSE:AL) has “Buy” rating given on Monday, July 10 by Cowen & Co. The firm earned “Overweight” rating on Friday, November 13 by JP Morgan. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, August 7. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 17. Cowen & Co maintained Air Lease Corp (NYSE:AL) on Tuesday, September 5 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, October 13 by FBR Capital.

Investors sentiment increased to 1.15 in Q4 2016. Its up 0.22, from 0.93 in 2016Q3. It increased, as 28 investors sold AL shares while 83 reduced holdings. 43 funds opened positions while 75 raised stakes. 89.95 million shares or 0.03% more from 89.93 million shares in 2016Q3 were reported. Canada Pension Plan Invest Board accumulated 3,700 shares or 0% of the stock. New York State Common Retirement Fund accumulated 300,960 shares. Klingenstein Fields & Company Ltd Liability Corporation stated it has 923,260 shares or 1.38% of all its holdings. Palisade Cap Mgmt Ltd Nj has 30,120 shares for 0.04% of their portfolio. Wright Service stated it has 0.16% in Air Lease Corp (NYSE:AL). Great West Life Assurance Can stated it has 0% in Air Lease Corp (NYSE:AL). 202,800 were accumulated by Deutsche Bankshares Ag. Sensato Invsts holds 2.28% or 385,519 shares. Dekabank Deutsche Girozentrale accumulated 0% or 1,549 shares. Gsa Capital Prns Ltd Liability Partnership holds 0.01% or 6,596 shares. Rockefeller Fin Svcs Incorporated reported 14,000 shares. Janus Mgmt Limited Liability Co has invested 0% in Air Lease Corp (NYSE:AL). Provident Inv Mngmt Incorporated invested in 4.94% or 742,204 shares. Nfc Investments invested in 390,425 shares. Buffington Mohr Mcneal accumulated 1.37% or 104,435 shares.

Pacific Alternative Asset Management Company Llc decreased Spdr S&P 500 Etf Tr (Put) (SPY) stake by 30,553 shares to 205,600 valued at $45.96 million in 2016Q4. It also reduced Bankfinancial Corp (NASDAQ:BFIN) stake by 44,312 shares and now owns 97,895 shares. Potash Corp Sask Inc (NYSE:POT) was reduced too.

Since March 15, 2017, it had 0 buys, and 2 selling transactions for $1.14 million activity. Another trade for 30,000 shares valued at $1.17 million was sold by Chen Jie. Korde Kishore sold $76,000 worth of Air Lease Corp (NYSE:AL) on Thursday, June 1. Another trade for 27,854 shares valued at $1.06M was made by Levy Grant A on Monday, June 12. Another trade for 3,959 shares valued at $154,750 was made by Poerschke John D on Wednesday, March 15.

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