Russell Investments Group Ltd. bought a new stake in Fly Leasing Ltd (NYSE:FLY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 186,031 shares of the company’s stock, valued at approximately $2,495,000.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased its position in Fly Leasing by 2.2% in the third quarter. Bank of Montreal Can now owns 140,226 shares of the company’s stock valued at $1,625,000 after buying an additional 2,990 shares during the period. Uniplan Investment Counsel Inc. increased its position in Fly Leasing by 1.7% in the third quarter. Uniplan Investment Counsel Inc. now owns 384,490 shares of the company’s stock valued at $4,456,000 after buying an additional 6,327 shares during the period. Adirondack Research & Management Inc. increased its position in Fly Leasing by 1.5% in the third quarter. Adirondack Research & Management Inc. now owns 605,154 shares of the company’s stock valued at $7,014,000 after buying an additional 8,900 shares during the period. California Public Employees Retirement System increased its position in Fly Leasing by 15.1% in the third quarter. California Public Employees Retirement System now owns 72,400 shares of the company’s stock valued at $839,000 after buying an additional 9,500 shares during the period. Finally, Telemus Capital LLC bought a new position in Fly Leasing during the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Institutional Ownership by Quarter for Fly Leasing (NYSE:FLY)

Fly Leasing Ltd (NYSE:FLY) opened at 13.36 on Tuesday. The firm has a 50-day moving average price of $13.77 and a 200 day moving average price of $13.08. The company’s market cap is $430.94 million. Fly Leasing Ltd has a 12 month low of $9.54 and a 12 month high of $14.45.

Fly Leasing (NYSE:FLY) last announced its quarterly earnings results on Thursday, March 9th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $2.55. The business had revenue of $100.60 million for the quarter, compared to analyst estimates of $95.77 million. Fly Leasing had a return on equity of 17.29% and a net margin of 16.48%. Fly Leasing’s quarterly revenue was down 18.6% compared to the same quarter last year. During the same period last year, the firm earned $1.54 EPS. On average, equities analysts expect that Fly Leasing Ltd will post $1.78 earnings per share for the current year.

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Several equities analysts recently commented on the company. Compass Point upgraded Fly Leasing from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research report on Friday, March 10th. Royal Bank of Canada cut their target price on Fly Leasing from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, March 10th. Zacks Investment Research downgraded Fly Leasing from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, TheStreet downgraded Fly Leasing from a “c” rating to a “d” rating in a research report on Thursday, March 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $17.21.

Fly Leasing Company Profile

Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines. The Company operates through aircraft leasing segment. The Company primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft; purchasing portfolios, which consists of aircraft of various types and ages, and acquiring individual aircraft.

5 Day Chart for NYSE:FLY

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