Rothschild Asset Management Inc. Acquires 58,238 Shares of Aircastle Limited (NYSE:AYR)
Rothschild Asset Management Inc. raised its position in Aircastle Limited (NYSE:AYR) by 73.8% during the second quarter, Holdings Channel reports. The firm owned 137,191 shares of the transportation company’s stock after buying an additional 58,238 shares during the period. Rothschild Asset Management Inc.’s holdings in Aircastle Limited were worth $2,984,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Aircastle Limited during the fourth quarter worth about $172,000. Clearbridge Investments LLC raised its stake in shares of Aircastle Limited by 1.4% in the first quarter. Clearbridge Investments LLC now owns 13,616 shares of the transportation company’s stock worth $329,000 after buying an additional 189 shares during the period. Norges Bank acquired a new stake in shares of Aircastle Limited during the fourth quarter worth about $10,051,000. Teachers Advisors LLC raised its stake in shares of Aircastle Limited by 13.1% in the fourth quarter. Teachers Advisors LLC now owns 84,711 shares of the transportation company’s stock worth $1,766,000 after buying an additional 9,784 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Aircastle Limited by 10.5% in the first quarter. First Trust Advisors LP now owns 164,623 shares of the transportation company’s stock worth $3,972,000 after buying an additional 15,643 shares during the period. Institutional investors own 62.84% of the company’s stock.
Shares of Aircastle Limited (NYSE AYR) opened at 24.03 on Wednesday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 12.02 and a beta of 1.81. The company’s 50 day moving average is $22.27 and its 200-day moving average is $22.85. Aircastle Limited has a 1-year low of $18.26 and a 1-year high of $25.98.
Aircastle Limited (NYSE:AYR) last announced its earnings results on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.61 by $0.58. The company had revenue of $223.53 million for the quarter, compared to analysts’ expectations of $206.10 million. Aircastle Limited had a net margin of 19.81% and a return on equity of 8.88%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities analysts anticipate that Aircastle Limited will post $2.38 earnings per share for the current fiscal year.
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AYR has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Aircastle Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Barclays PLC initiated coverage on shares of Aircastle Limited in a research note on Monday, July 10th. They set an “equal weight” rating and a $24.00 price target on the stock. Wells Fargo & Company reiterated a “market perform” rating and set a $24.00 price target (down from $26.00) on shares of Aircastle Limited in a research note on Thursday, May 25th. FBR & Co cut their price target on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating on the stock in a research note on Thursday, May 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price target on shares of Aircastle Limited in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Aircastle Limited currently has a consensus rating of “Hold” and a consensus target price of $24.20.
Aircastle Limited Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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