Hudson Bay Capital Management LP Invests $1.28 Million in Air Lease Corporation $AL

Hudson Bay Capital Management LP acquired a new stake in Air Lease Corporation (NYSE:AL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,179 shares of the transportation company’s stock, valued at approximately $1,284,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC grew its stake in Air Lease by 2,980.0% in the 3rd quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 447 shares during the period. Mather Group LLC. purchased a new position in shares of Air Lease in the 3rd quarter worth about $29,000. First Horizon Corp purchased a new position in shares of Air Lease in the 3rd quarter worth about $31,000. Nisa Investment Advisors LLC increased its holdings in Air Lease by 129.6% during the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Air Lease by 75.0% during the third quarter. Hantz Financial Services Inc. now owns 546 shares of the transportation company’s stock worth $35,000 after buying an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Stock Performance

Air Lease stock opened at $64.64 on Monday. Air Lease Corporation has a 1-year low of $38.25 and a 1-year high of $64.96. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $7.24 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The firm’s 50 day simple moving average is $64.60 and its 200 day simple moving average is $64.10.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.74. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.The firm had revenue of $679.54 million for the quarter, compared to analysts’ expectations of $782.67 million. During the same quarter last year, the firm posted $0.83 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. As a group, analysts expect that Air Lease Corporation will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. Air Lease’s dividend payout ratio (DPR) is presently 9.45%.

Analyst Ratings Changes

AL has been the subject of a number of research reports. Barclays reissued an “equal weight” rating and set a $65.00 target price (down from $68.00) on shares of Air Lease in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of Air Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Air Lease Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.