Shares of Fly Leasing Ltd. (NYSE:FLY) traded up 1.4% during mid-day trading on Friday . The stock traded as high as $11.12 and last traded at $11.01, with a volume of 159,805 shares trading hands. The stock had previously closed at $10.86.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Fly Leasing from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Tuesday, May 10th. Wells Fargo & Co. restated a “buy” rating on shares of Fly Leasing in a research report on Thursday, May 19th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.92.

The company’s 50-day moving average is $10.78 and its 200 day moving average is $11.84. The stock has a market capitalization of $371.94 million and a PE ratio of 47.72.

Fly Leasing (NYSE:FLY) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $81.20 million for the quarter, compared to the consensus estimate of $92.73 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue was down 34.1% compared to the same quarter last year. On average, analysts predict that Fly Leasing Ltd. will post $1.47 EPS for the current year.

Other hedge funds recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of Fly Leasing by 53.7% in the fourth quarter. GSA Capital Partners LLP now owns 79,561 shares of the company’s stock worth $1,086,000 after buying an additional 27,812 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Fly Leasing by 74.8% in the fourth quarter. Bank of Montreal Can now owns 129,005 shares of the company’s stock worth $1,761,000 after buying an additional 55,194 shares in the last quarter. US Bancorp DE increased its stake in shares of Fly Leasing by 24.5% in the fourth quarter. US Bancorp DE now owns 538,836 shares of the company’s stock worth $7,355,000 after buying an additional 106,206 shares in the last quarter. SFE Investment Counsel increased its stake in shares of Fly Leasing by 3.3% in the fourth quarter. SFE Investment Counsel now owns 653,191 shares of the company’s stock worth $8,916,000 after buying an additional 20,958 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in shares of Fly Leasing by 12.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,445,297 shares of the company’s stock worth $19,728,000 after buying an additional 154,862 shares in the last quarter.

Fly Leasing Limited (Fly) is engaged in purchasing commercial aircraft which it leases under multi-year contracts to a range of airlines throughout the world. As of December 31, 2014, the Company’s aircraft portfolio consisted of 127 commercial jet aircraft, consisting of 116 narrow-body passenger aircraft, including two freighters, and 11 wide-body passenger aircraft.

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