Opera Trading Capital Acquires 9,709 Shares of Air Lease Corporation (AL)

Opera Trading Capital boosted its holdings in Air Lease Corporation (NYSE:AL) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,809 shares of the company’s stock after acquiring an additional 9,709 shares during the period. Opera Trading Capital owned about 0.12% of Air Lease Corporation worth $5,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AL. Israel Discount Bank of New York raised its holdings in shares of Air Lease Corporation by 7.7% during the second quarter. Israel Discount Bank of New York now owns 2,785 shares of the company’s stock valued at $104,000 after buying an additional 200 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Air Lease Corporation during the second quarter valued at approximately $111,000. QS Investors LLC raised its holdings in shares of Air Lease Corporation by 0.6% during the second quarter. QS Investors LLC now owns 3,464 shares of the company’s stock valued at $129,000 after buying an additional 21 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Air Lease Corporation by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the company’s stock valued at $134,000 after buying an additional 331 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Air Lease Corporation by 14.5% during the second quarter. Advisors Asset Management Inc. now owns 4,901 shares of the company’s stock valued at $183,000 after buying an additional 621 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.



Air Lease Corporation (AL) traded up C$0.85 during trading on Monday, reaching C$43.23. 773,600 shares of the company’s stock traded hands, compared to its average volume of 753,907. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $4,463.07, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.83. Air Lease Corporation has a 12-month low of C$32.82 and a 12-month high of C$45.15.

Air Lease Corporation (NYSE:AL) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.87 by C$0.03. The firm had revenue of C$376.77 million for the quarter, compared to analyst estimates of C$374.61 million. Air Lease Corporation had a net margin of 25.67% and a return on equity of 10.87%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. analysts predict that Air Lease Corporation will post 3.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.93%. This is a boost from Air Lease Corporation’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 13th. Air Lease Corporation’s payout ratio is presently 8.60%.

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A number of research analysts recently commented on AL shares. Royal Bank Of Canada reiterated a “buy” rating and set a $80.00 price objective on shares of Air Lease Corporation in a research note on Thursday, November 2nd. UBS AG raised their price objective on shares of Air Lease Corporation from $30.00 to $31.00 and gave the company a “sell” rating in a research note on Friday. Zacks Investment Research lowered shares of Air Lease Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. Bank of America Corporation lowered shares of Air Lease Corporation from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, August 9th. Finally, Credit Suisse Group raised their price objective on shares of Air Lease Corporation from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$48.78.

In other Air Lease Corporation news, Director Jie Chen sold 2,000 shares of Air Lease Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of C$43.82, for a total transaction of C$87,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex A. Khatibi sold 11,000 shares of Air Lease Corporation stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$40.00, for a total transaction of C$440,000.00. Following the sale, the executive vice president now directly owns 142,786 shares of the company’s stock, valued at approximately C$5,711,440. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,562 shares of company stock worth $1,000,003. Corporate insiders own 9.76% of the company’s stock.

About Air Lease Corporation

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

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

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