Wedge Capital Management L L P NC Sells 7,226 Shares of Aircastle Ltd. (AYR)
Wedge Capital Management L L P NC reduced its position in Aircastle Ltd. (NYSE:AYR) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 484,845 shares of the company’s stock after selling 7,226 shares during the period. Wedge Capital Management L L P NC’s holdings in Aircastle were worth $9,484,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position in Aircastle by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,515,900 shares of the company’s stock worth $33,714,000 after buying an additional 18,884 shares in the last quarter. Foundry Partners LLC acquired a new position in Aircastle during the second quarter valued at approximately $10,433,000. Bank of Montreal Can acquired a new position in Aircastle during the second quarter valued at approximately $2,672,000. BlackRock Group LTD boosted its position in Aircastle by 12.3% in the first quarter. BlackRock Group LTD now owns 62,580 shares of the company’s stock valued at $1,393,000 after buying an additional 6,856 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Aircastle by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 60,002 shares of the company’s stock valued at $1,334,000 after buying an additional 1,330 shares during the period. Hedge funds and other institutional investors own 65.19% of the company’s stock.
Shares of Aircastle Ltd. (NYSE:AYR) traded down 0.87% during midday trading on Friday, reaching $19.48. The company’s stock had a trading volume of 213,386 shares. The stock has a 50 day moving average price of $20.42 and a 200-day moving average price of $21.03. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.85 and a beta of 1.84. Aircastle Ltd. has a 52-week low of $15.06 and a 52-week high of $23.49.
Aircastle (NYSE:AYR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.10. Aircastle had a net margin of 11.68% and a return on equity of 5.70%. The company earned $190 million during the quarter, compared to the consensus estimate of $188.25 million. During the same period in the previous year, the business posted $0.58 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. Equities research analysts expect that Aircastle Ltd. will post $1.82 EPS for the current year.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Aircastle from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, June 29th. FBR & Co cut Aircastle from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $24.00 to $23.00 in a research note on Friday, August 5th. Finally, TheStreet cut Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.00.
In other Aircastle news, insider Joseph Schreiner sold 4,998 shares of Aircastle stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.77, for a total value of $108,806.46. Following the transaction, the insider now directly owns 35,208 shares of the company’s stock, valued at approximately $766,478.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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