Acadian Asset Management LLC acquired a new shareholding in Fly Leasing Ltd (NYSE: FLY) in the second quarter, according to the latest 13F application to the Securities and Exchange Commission. The fund purchased 195,110 shares of the transport company's shares, worth approximately $ 2,749,000. Acadian Asset Management LLC owned 0.68% of Fly Leasing from the most recent SEC application.
Several other institutional investors have recently also increased or reduced their interests in the company. Dalton Greiner Hartman Maher & Co. raised its holdings in Fly Leasing by 42.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 408,329 shares of the transport company's shares worth $ 5,753,000 after the purchase of 122,631 additional shares in the last quarter. Renaissance Technologies LLC increased its holdings in Fly Leasing shares by 34.3% in the fourth quarter. Renaissance Technologies LLC now owns 398,472 shares of the transport company worth $ 5,144,000 after the acquisition of an additional 101,872 shares in the last quarter. Russell Investments Group Ltd. increased its participations in Fly Leasing in the first quarter by 35.5%. Russell Investments Group Ltd. now holds 375,692 shares of the transport company valued at $ 5,001,000 after acquiring 98,431 additional shares in the last quarter. Wells Fargo & Company MN increased its shareholdings in Fly Leasing by 74.6% in the first quarter. Wells Fargo & Company MN now owns 215,137 shares of the transport company's shares worth $ 2,863,000 after the acquisition of 91,993 additional shares in the last quarter. Finally, Point72 Asset Management L.P. its shareholdings in Fly Leasing increased by 123.4% in the first quarter. Point72 Asset Management L.P. now holds 136,850 shares of the transport company's shares valued at $ 1,821,000 after acquiring additional 75,580 shares in the last quarter. Institutional investors and hedge funds hold 48.38% of the company's shares.
Several analysts have recently released reports on FLY shares. Zacks Investment Research reduced Fly Leasing from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; credit rating in a report on Wednesday 9 May. ValuEngine increased Fly Leasing from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; rating in a report on Tuesday 29 May. Royal Bank of Canada raised their target price on Fly Leasing to $ 30.00 and gave the company an "outperform" rating in a research report on Monday, May 7. Finally, Citigroup raised their target price on Fly Leasing from $ 14.00 to $ 14.50 and gave the company a "sell" score in a research report on Friday. Two analysts have assessed the shares with a sales score, one has a hold rating and four have assigned a buy-rating to the company's shares. The company currently has a consensus score of "Hold" and a consensus target price of $ 18.58.
Fly Leasing shares traded $ 0.24 during mid-day trading and reached $ 14.99. The company's shares had a trading volume of 245,164 shares, compared to the average volume of 56,994. The company has a market capitalization of $ 398.33 million, a PE ratio of 166.56, a price-earnings ratio of 0.62 and a beta of 1.09. The company has a fast ratio of 1.30, a current ratio of 1.30 and a ratio between debt and equity of 4.74. Fly Leasing Ltd has a year low of $ 11.54 and a year of $ 15.00.
Fly Leasing (NYSE: FLY) last released the quarterly results on Thursday, August 23rd. The transportation company reported a profit of $ 0.87 per share this quarter and beat Thomson Reuters' consensus estimate of $ 0.69 with $ 0.18. The company had sales of $ 99.30 million for the quarter compared to the $ 98.62 million consensus estimate. Fly Leasing had a return on equity of 3.02% and a net margin of 1.98%. The annual turnover of Fly Leasing increased by 25.4% on an annual basis. In the same quarter of the previous year, the company recorded $ 0.31 EPS. Research analysts expect Fly Leasing Ltd to publish 2.24 earnings per share for the current year.
About Fly Leasing
Fly Leasing Limited, through its subsidiaries, buys and leases commercial aircraft under multi-year contracts to various airlines around the world. On 31 December 2017, the company had a portfolio of 85 aircraft, including 73 aircraft with narrow passengers and 12 wide-body aircraft. Fly Leasing Limited was founded in 2007 and is headquartered in Dún Laoghaire, Ireland.
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