Uniplan Investment Counsel Inc. decreased its position in shares of Fly Leasing Ltd (NYSE:FLY) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,027 shares of the transportation company’s stock after selling 15,929 shares during the period. Uniplan Investment Counsel Inc. owned 1.35% of Fly Leasing worth $4,087,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. PEAK6 Investments LLC acquired a new position in Fly Leasing during the 4th quarter worth $111,000. Donald Smith & CO. Inc. raised its position in shares of Fly Leasing by 4.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,670,572 shares of the transportation company’s stock valued at $28,201,000 after buying an additional 119,349 shares during the last quarter. Zazove Associates LLC acquired a new position in shares of Fly Leasing during the fourth quarter valued at about $1,016,000. Monarch Partners Asset Management LLC raised its position in shares of Fly Leasing by 18.8% during the fourth quarter. Monarch Partners Asset Management LLC now owns 85,440 shares of the transportation company’s stock valued at $902,000 after buying an additional 13,550 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Fly Leasing by 9.2% during the third quarter. Morgan Stanley now owns 1,727,389 shares of the transportation company’s stock valued at $24,357,000 after buying an additional 145,342 shares during the last quarter. 49.95% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on FLY shares. Zacks Investment Research lowered shares of Fly Leasing from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. ValuEngine lowered shares of Fly Leasing from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Fly Leasing currently has a consensus rating of “Hold” and a consensus price target of $19.83.
Shares of FLY opened at $13.49 on Friday. The stock has a market cap of $387.14 million, a PE ratio of 4.41 and a beta of 1.04. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.72 and a quick ratio of 0.66. Fly Leasing Ltd has a 52 week low of $10.42 and a 52 week high of $15.32.
Fly Leasing (NYSE:FLY) last announced its quarterly earnings data on Thursday, March 7th. The transportation company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.37. The business had revenue of $113.80 million during the quarter, compared to analyst estimates of $110.05 million. Fly Leasing had a net margin of 20.49% and a return on equity of 14.43%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities analysts predict that Fly Leasing Ltd will post 3.01 EPS for the current year.
Fly Leasing Company Profile
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircrafts under multi-year contracts to various airlines worldwide. As of December 31, 2017, the company had a portfolio of 85 aircrafts, including 73 narrow-body passenger aircrafts and 12 wide-body passenger aircrafts. Fly Leasing Limited was founded in 2007 and is headquartered in Dún Laoghaire, Ireland.
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