Parkside Investments LLC Purchases 6,020 Shares of Air Lease Corp (NYSE:AL)

Parkside Investments LLC increased its holdings in shares of Air Lease Corp (NYSE:AL) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,695 shares of the transportation company’s stock after acquiring an additional 6,020 shares during the quarter. Air Lease comprises 1.7% of Parkside Investments LLC’s investment portfolio, making the stock its 19th biggest position. Parkside Investments LLC owned about 0.07% of Air Lease worth $3,448,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Concourse Capital Management LLC boosted its holdings in shares of Air Lease by 50.6% in the 4th quarter. Concourse Capital Management LLC now owns 66,646 shares of the transportation company’s stock valued at $3,205,000 after buying an additional 22,391 shares in the last quarter. Boston Family Office LLC raised its position in Air Lease by 2.1% in the 4th quarter. Boston Family Office LLC now owns 151,649 shares of the transportation company’s stock valued at $7,293,000 after purchasing an additional 3,115 shares during the last quarter. Teacher Retirement System of Texas raised its position in Air Lease by 312.7% in the 4th quarter. Teacher Retirement System of Texas now owns 33,492 shares of the transportation company’s stock valued at $1,611,000 after purchasing an additional 25,377 shares during the last quarter. Calton & Associates Inc. purchased a new stake in Air Lease in the 4th quarter valued at $102,000. Finally, Public Employees Retirement Association of Colorado raised its position in Air Lease by 228.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 9,977 shares of the transportation company’s stock worth $480,000 after buying an additional 6,943 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Shares of Air Lease Corp (AL) traded up $0.31 during midday trading on Friday, hitting $46.18. 221,676 shares of the company were exchanged, compared to its average volume of 646,818. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease Corp has a fifty-two week low of $34.42 and a fifty-two week high of $50.70. The company has a market capitalization of $4,740.79, a PE ratio of 13.22, a P/E/G ratio of 0.72 and a beta of 1.71.

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $43.88, for a total transaction of $438,800.00. Following the sale, the executive vice president now owns 163,824 shares in the company, valued at approximately $7,188,597.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jie Chen sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $43.30, for a total value of $86,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,000 shares of company stock worth $3,661,430. 9.76% of the stock is owned by company insiders.

A number of equities research analysts recently commented on AL shares. Credit Suisse Group increased their price objective on shares of Air Lease from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. ValuEngine cut shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Citigroup assumed coverage on shares of Air Lease in a research note on Friday, December 8th. They set a “neutral” rating and a $46.00 price target on the stock. Bank of America set a $47.00 target price on shares of Air Lease and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Air Lease presently has a consensus rating of “Hold” and an average target price of $49.40.

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About Air Lease

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 (NYSE:AL)

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