Aircastle Limited (NYSE:AYR) Short Interest Update
Aircastle Limited (NYSE:AYR) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 614,100 shares, a growth of 47.8% from the December 31st total of 415,400 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 616,700 shares, the short-interest ratio is currently 1.0 days.
Shares of AYR traded up $0.01 during mid-day trading on Tuesday, reaching $32.10. The company had a trading volume of 166,073 shares, compared to its average volume of 390,829. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 11.51 and a beta of 1.53. The firm has a fifty day simple moving average of $32.05 and a 200-day simple moving average of $26.38. Aircastle has a fifty-two week low of $18.63 and a fifty-two week high of $32.47.
Aircastle (NYSE:AYR) last announced its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The company had revenue of $236.87 million for the quarter, compared to analyst estimates of $225.72 million. Aircastle had a net margin of 21.97% and a return on equity of 10.52%. On average, equities research analysts expect that Aircastle will post 1.94 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in AYR. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Aircastle during the 3rd quarter valued at $34,000. FNY Investment Advisers LLC acquired a new position in shares of Aircastle during the 4th quarter valued at $41,000. CWM LLC acquired a new position in shares of Aircastle during the 4th quarter valued at $42,000. IFP Advisors Inc lifted its holdings in shares of Aircastle by 179.8% during the 4th quarter. IFP Advisors Inc now owns 2,798 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 1,798 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Aircastle by 45.5% during the 3rd quarter. SG Americas Securities LLC now owns 7,491 shares of the transportation company’s stock valued at $168,000 after acquiring an additional 2,342 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.
Several analysts have commented on AYR shares. Zacks Investment Research raised shares of Aircastle from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upgraded shares of Aircastle from an “underweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Cowen lowered shares of Aircastle from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $29.00 to $32.00 in a report on Friday, November 8th. ValuEngine lowered shares of Aircastle from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Goldman Sachs Group upgraded shares of Aircastle from a “sell” rating to a “neutral” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Aircastle presently has an average rating of “Hold” and an average price target of $24.60.
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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