( ) was the subject of a significant decline in short interest during March. On March 31, there were 2,240,000 short shares, which is a drop of 15.2% compared to the total of 2,640,000 on March 15th. The days-to-cover is currently 1.7 days based on an average daily share volume of 1,340,000.
AerCap Trading down 1.0 %
Trading at midday on Thursday saw a $0.54 decline, bringing the price to $55.27. The stock changed hands 537,224 times, as opposed to the average volume of 1,255.452. The stock's market capitalization is $13,65 billion. It has a PEG of 0.71, a P/E ratio of -17.89 and a beta value of 1.99. AerCap's 52-week low is $37.20, and its 52-week high is $66.85. The company's moving average for the past 50 days is $57.18. Its two-hundred-day moving average is also $57.39. The last time ) released its quarterly results was on Thursday, 2nd March. The financial services provider posted $2.66 per share for the quarter. This was $0.69 higher than the consensus estimate of just $1.97. Revenue for the quarter was $1.83 billion, which is higher than the consensus estimate of $1.7 billion. AerCap's net margin was negative at 10.35%, but it had a positive return of equity of 14.18%. Revenue was up by 26.8% from the same quarter of last year. In the same quarter last year, AerCap posted $1.04 in earnings per share. AerCap is expected to post an average 7.74 earnings per shares for the current fiscal year, according to analysts at equity research firms.
Hedge Funds weigh in on AerCap
A number of hedge fund managers have recently increased or decreased their stakes in AER. BlackRock Inc. increased its stake in AerCap in the first quarter by 90.7%. BlackRock Inc. owns now 5,767.535 shares worth $289.992,000 of the financial services providers stock after purchasing an additional 2,743,035 in the last quarter. Norges Bank purchased a new AerCap position worth approximately $70,546,000 in the fourth quarter. State Street Corp increased its stake in AerCap in the first quarter by 112,8%. State Street Corp owns 2,155.846 shares worth $108,396,000 of the stock of the financial services company after purchasing an additional 1,142.547 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in AerCap in the fourth quarter by 19,970.3%. Rockefeller Capital Management L.P. owns 982,642 shares worth $57,306,000 of the stock of the financial services company after purchasing an additional 977 746 shares during the last quarter. Parsifal Capital Management LP increased its stake in AerCap in the third quarter by 142.9%. Parsifal Captial Management LP owns 1,629 984 shares worth $68,997,000 of the stock of the financial services company after purchasing an additional 958 884 shares during the last quarter. Institutional investors own 98.17% the stock.
Analysts set new price targets
In a research report published on Thursday 16th March, AerCap shares were covered. They gave the stock a rating of 'buy.' Barclays raised their target price for shares of AerCap in a research note published on Friday, 6th January from $66.00 up to $77.00. Goldman Sachs Group began covering shares of AerCap on Thursday, March 30, in a report. The stock was given a 74.00 dollar target price and a rating of 'buy.' Susquehanna raised their price target on AerCap shares from $70.00 up to $75.00 in a report published on Friday, 3rd March. They also gave the company a "positive" rating. Seven analysts have given the stock a buy recommendation. According to data from MarketBeat.com AerCap currently has an average rating 'Buy,' with a consensus target price of $71.86.
AerCap Holdings NV is engaged in leasing, financing and sales of commercial flight equipment. The company was established in 1995, and its headquarters are in Dublin, Ireland.
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