Aircastle (NYSE:AYR) Sets New 12-Month High at $23.58

Aircastle Limited (NYSE:AYR) shares reached a new 52-week high on Thursday . The stock traded as high as $23.58 and last traded at $23.49, with a volume of 11461 shares trading hands. The stock had previously closed at $23.11.

Several equities research analysts have recently weighed in on the company. ValuEngine cut Aircastle from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research cut Aircastle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Aircastle currently has an average rating of “Hold” and an average price target of $22.17.

The company has a market capitalization of $1.78 billion, a P/E ratio of 7.49 and a beta of 1.50. The firm has a 50-day moving average price of $22.45 and a two-hundred day moving average price of $20.93.

Aircastle (NYSE:AYR) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $223.42 million during the quarter, compared to analysts’ expectations of $212.47 million. Aircastle had a return on equity of 10.27% and a net margin of 22.31%. Aircastle’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. On average, equities analysts expect that Aircastle Limited will post 1.98 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of AYR. Denali Advisors LLC raised its stake in shares of Aircastle by 220.5% in the second quarter. Denali Advisors LLC now owns 41,700 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 28,691 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Aircastle in the second quarter valued at $238,000. Carroll Financial Associates Inc. acquired a new position in shares of Aircastle in the second quarter valued at $36,000. CENTRAL TRUST Co raised its stake in shares of Aircastle by 42.9% in the second quarter. CENTRAL TRUST Co now owns 3,000 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 900 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Aircastle by 13.0% in the second quarter. Nisa Investment Advisors LLC now owns 50,500 shares of the transportation company’s stock valued at $1,074,000 after purchasing an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 57.16% of the company’s stock.

About Aircastle (NYSE:AYR)

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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