Air Lease Corp (AL) Market Value Declined While Pekin Singer Strauss Asset Management Has Decreased Position

September 12, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.05, from 1.11 in 2016Q3. It dropped, as 28 investors sold AL shares while 83 reduced holdings. 43 funds opened positions while 75 raised stakes. 89.95 million shares or 0.03% more from 89.93 million shares in 2016Q3 were reported. Bessemer Gru accumulated 127 shares. Alliancebernstein Ltd Partnership has 51,764 shares. 259,650 were reported by Btr Mgmt. 121,542 are owned by Oppenheimer. 27,846 were accumulated by Ngam Advisors Lp. Deutsche State Bank Ag has 202,800 shares. Foster And Motley holds 6,190 shares or 0.04% of its portfolio. Daiwa Group Incorporated has invested 0.02% in Air Lease Corp (NYSE:AL). Moreover, Jpmorgan Chase & Commerce has 0% invested in Air Lease Corp (NYSE:AL). Southport Management Limited Liability Corp accumulated 5.3% or 115,343 shares. Underhill Investment has invested 9.32% in Air Lease Corp (NYSE:AL). Blackrock Advisors Limited stated it has 0% in Air Lease Corp (NYSE:AL). Cannell Peter B And Incorporated reported 662,326 shares. Amp Investors Ltd reported 26,138 shares stake. Ameriprise Inc owns 15,826 shares.

Since March 15, 2017, it had 0 buys, and 2 sales for $1.14 million activity. Poerschke John D also sold $154,750 worth of Air Lease Corp (NYSE:AL) on Wednesday, March 15. The insider Levy Grant A sold 27,854 shares worth $1.06 million. Chen Jie sold $1.17 million worth of Air Lease Corp (NYSE:AL) on Thursday, March 16.

Pekin Singer Strauss Asset Management decreased its stake in Air Lease Corp (AL) by 53.55% based on its latest 2016Q4 regulatory filing with the SEC. Pekin Singer Strauss Asset Management sold 202,107 shares as the company’s stock declined 4.16% while stock markets rallied. The institutional investor held 175,286 shares of the diversified commercial services company at the end of 2016Q4, valued at $6.02M, down from 377,393 at the end of the previous reported quarter. Pekin Singer Strauss Asset Management who had been investing in Air Lease Corp for a number of months, seems to be less bullish one the $4.14 billion market cap company. The stock rose 0.92% or $0.36 reaching $40.1. About 77,052 shares traded. Air Lease Corp (NYSE:AL) has risen 29.12% since September 12, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.

More news for Air Lease Corp (NYSE:AL) were recently published by: Globenewswire.com, which released: “Air Lease Corporation Announces Lease Placement of Additional New Boeing 787 …” on August 14, 2017. Nasdaq.com‘s article titled: “Air Lease Corporation (AL) Ex-Dividend Date Scheduled for September 12, 2017” and published on September 11, 2017 is yet another important article.

Air Lease Corp (NYSE:AL) Ratings Coverage

Among 12 analysts covering Air Lease (NYSE:AL), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Air Lease had 29 analyst reports since August 7, 2015 according to SRatingsIntel. FBR Capital maintained Air Lease Corp (NYSE:AL) on Friday, February 24 with “Outperform” rating. As per Friday, May 6, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Monday, July 17. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, August 7. The rating was maintained by Cowen & Co on Friday, February 24 with “Outperform”. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, April 6. The firm earned “Buy” rating on Monday, March 14 by Citigroup. FBR Capital maintained the stock with “Outperform” rating in Tuesday, November 22 report. The firm has “Hold” rating given on Wednesday, August 9 by Bank of America. The firm has “Outperform” rating given on Friday, May 5 by FBR Capital.

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