Air Lease Co. (NYSE:AL) is SCP Investment LP’s 6th Largest Position

SCP Investment LP cut its stake in shares of Air Lease Co. (NYSE:AL) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the transportation company’s stock after selling 50,000 shares during the period. Air Lease makes up 5.9% of SCP Investment LP’s investment portfolio, making the stock its 6th biggest holding. SCP Investment LP’s holdings in Air Lease were worth $19,600,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inspire Advisors LLC purchased a new stake in Air Lease during the 4th quarter valued at approximately $26,000. Fieldpoint Private Securities LLC purchased a new stake in Air Lease during the 1st quarter valued at approximately $29,000. SOA Wealth Advisors LLC. purchased a new stake in Air Lease during the 4th quarter valued at approximately $30,000. Harbor Investment Advisory LLC raised its stake in Air Lease by 65.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,836 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 1,122 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new stake in Air Lease during the 1st quarter valued at approximately $204,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Air Lease stock traded down $0.14 during trading hours on Friday, reaching $45.52. 1,227 shares of the company’s stock were exchanged, compared to its average volume of 817,592. Air Lease Co. has a 52-week low of $25.30 and a 52-week high of $52.96. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.68 and a beta of 2.17. The company’s fifty day moving average is $47.12. The company has a debt-to-equity ratio of 2.52, a current ratio of 3.00 and a quick ratio of 3.00.

Air Lease (NYSE:AL) last issued its earnings results on Wednesday, May 5th. The transportation company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.25). The firm had revenue of $474.80 million during the quarter, compared to analysts’ expectations of $507.04 million. Air Lease had a return on equity of 7.61% and a net margin of 23.41%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. As a group, equities analysts forecast that Air Lease Co. will post 3.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 9th. Investors of record on Tuesday, June 8th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, June 7th. Air Lease’s dividend payout ratio (DPR) is currently 14.58%.

Separately, Zacks Investment Research cut Air Lease from a “hold” rating to a “sell” rating and set a $46.00 price target on the stock. in a report on Thursday, February 11th.

Air Lease Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors.

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

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