New York Life Investment Management LLC cut its holdings in shares of Air Lease Co. (NYSE:AL – Free 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
About Air Lease
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.
- Five stocks we like better than Air Lease
- Investing In Preferred Stock vs. Common Stock
- MarketBeat Week in Review – 2/5 – 2/9
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Cloudflare results spark analysts reset: 25% upside ahead
- Investing in the High PE Growth Stocks
- Beyond Nvidia: The hidden stars with 200% earnings growth
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.