Air Lease Co. (NYSE:AL) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its holdings in shares of Air Lease Co. (NYSE:ALFree Report) by 13.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,043 shares of the transportation company’s stock after selling 1,425 shares during the period. New York Life Investment Management LLC’s holdings in Air Lease were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Belpointe Asset Management LLC acquired a new stake in shares of Air Lease in the first quarter valued at about $28,000. CWM LLC grew its position in shares of Air Lease by 296.1% in the third quarter. CWM LLC now owns 911 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 681 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Air Lease in the second quarter valued at about $31,000. Quantbot Technologies LP acquired a new stake in shares of Air Lease in the third quarter valued at about $48,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Air Lease by 421.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,409 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 1,139 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Stock Up 0.4 %

NYSE AL opened at $42.02 on Monday. Air Lease Co. has a 52 week low of $33.33 and a 52 week high of $45.17. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The business’s fifty day simple moving average is $41.02 and its 200-day simple moving average is $39.50. The firm has a market cap of $4.67 billion, a PE ratio of 9.40, a P/E/G ratio of 0.75 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of Air Lease in a research note on Wednesday, January 10th. They set an “outperform” rating and a $54.00 target price on the stock. Barclays boosted their price target on shares of Air Lease from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, StockNews.com upgraded shares of Air Lease from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.17.

Get Our Latest Stock Report on AL

About Air Lease

(Free Report)

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios.

Featured Articles

Want to see what other hedge funds are holding AL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Lease Co. (NYSE:ALFree Report).

Institutional Ownership by Quarter for Air Lease (NYSE:AL)

Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.