Cannell Peter B & Co. Inc. decreased its position in shares of Fly Leasing Limited (NYSE:FLY) by 85.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,900 shares of the transportation company’s stock after selling 622,550 shares during the period. Cannell Peter B & Co. Inc. owned about 0.34% of Fly Leasing Limited worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC increased its holdings in shares of Fly Leasing Limited by 4.7% during the third quarter. Gabelli Funds LLC now owns 319,301 shares of the transportation company’s stock worth $4,477,000 after buying an additional 14,301 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Fly Leasing Limited during the third quarter worth approximately $479,000. State Street Corp increased its holdings in shares of Fly Leasing Limited by 1.2% during the second quarter. State Street Corp now owns 35,405 shares of the transportation company’s stock worth $476,000 after buying an additional 425 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Fly Leasing Limited by 630.0% during the second quarter. Goldman Sachs Group Inc. now owns 194,005 shares of the transportation company’s stock worth $2,609,000 after buying an additional 167,430 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Fly Leasing Limited by 191.1% during the second quarter. Citadel Advisors LLC now owns 29,401 shares of the transportation company’s stock worth $395,000 after buying an additional 19,301 shares in the last quarter. 44.66% of the stock is owned by institutional investors.

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Shares of Fly Leasing Limited (FLY) traded down $0.02 during trading on Wednesday, hitting $13.53. 73,900 shares of the company were exchanged, compared to its average volume of 135,181. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.74. The firm has a market capitalization of $388.86, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.59 and a beta of 1.10. Fly Leasing Limited has a fifty-two week low of $11.91 and a fifty-two week high of $14.65.

Several analysts have recently weighed in on FLY shares. BidaskClub lowered shares of Fly Leasing Limited from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Fly Leasing Limited from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, August 15th. ValuEngine lowered shares of Fly Leasing Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company reissued a “buy” rating and issued a $16.00 price target on shares of Fly Leasing Limited in a report on Tuesday, September 19th. Finally, Compass Point reissued a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of Fly Leasing Limited in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Fly Leasing Limited Profile

Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines throughout the world. 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.

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

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