AerCap Holdings (NYSE:AER) Short Interest Down 16.9% in October

AerCap Holdings (NYSE:AER) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 1,960,000 shares, a drop of 16.9% from the September 30th total of 2,360,000 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 853,800 shares, the short-interest ratio is presently 2.3 days.

NYSE AER traded up $0.18 during trading hours on Tuesday, reaching $60.49. The company’s stock had a trading volume of 1,043,566 shares, compared to its average volume of 1,046,504. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 3.20. The business has a 50-day simple moving average of $56.25 and a 200 day simple moving average of $52.27. AerCap has a 52 week low of $36.16 and a 52 week high of $62.86. The stock has a market cap of $8.25 billion, a PE ratio of 8.86 and a beta of 1.81.

AerCap (NYSE:AER) last issued its earnings results on Friday, November 8th. The financial services provider reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.13. AerCap had a net margin of 21.81% and a return on equity of 11.90%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $1.79 earnings per share. AerCap’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts predict that AerCap will post 7.78 EPS for the current year.

A number of equities analysts recently commented on AER shares. Zacks Investment Research downgraded AerCap from a “hold” rating to a “sell” rating in a research note on Monday. Compass Point lifted their price target on AerCap from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Credit Suisse Group lifted their price target on AerCap from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays lifted their price target on AerCap from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Citigroup set a $61.00 price target on AerCap and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $62.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers bought a new position in AerCap in the third quarter worth about $208,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in AerCap by 1,042.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,200 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 10,220 shares during the last quarter. Arbor Wealth Management LLC lifted its holdings in AerCap by 170,452.4% in the third quarter. Arbor Wealth Management LLC now owns 71,632 shares of the financial services provider’s stock worth $3,922,000 after acquiring an additional 71,590 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in AerCap by 31.1% in the third quarter. TimesSquare Capital Management LLC now owns 1,381,575 shares of the financial services provider’s stock worth $75,641,000 after acquiring an additional 327,800 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in AerCap by 7.5% in the third quarter. Eqis Capital Management Inc. now owns 38,689 shares of the financial services provider’s stock worth $2,118,000 after acquiring an additional 2,687 shares during the last quarter. 85.38% of the stock is currently owned by hedge funds and other institutional investors.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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