AerCap Holdings (AER) Stake Boosted by Freestone Capital Holdings LLC
Freestone Capital Holdings LLC lifted its stake in shares of AerCap Holdings (NYSE:AER) by 50.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 220,414 shares of the financial services provider’s stock after purchasing an additional 73,974 shares during the quarter. Freestone Capital Holdings LLC’s holdings in AerCap were worth $10,258,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of AerCap during the 4th quarter worth $29,000. Penserra Capital Management LLC acquired a new position in shares of AerCap during the 4th quarter worth $30,000. Liberty Wealth Management LLC acquired a new position in shares of AerCap during the 4th quarter worth $30,000. Oregon Public Employees Retirement Fund grew its stake in shares of AerCap by 4,360.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,279,910 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of AerCap by 56.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,645 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 593 shares during the period. 85.91% of the stock is currently owned by institutional investors and hedge funds.
NYSE:AER opened at $49.14 on Thursday. AerCap Holdings has a 12-month low of $36.16 and a 12-month high of $58.30. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 7.19 and a beta of 1.87.
A number of research analysts have issued reports on the stock. Barclays set a $64.00 target price on shares of AerCap and gave the company a “buy” rating in a report on Friday, February 15th. Citigroup upped their target price on shares of AerCap from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. ValuEngine upgraded shares of AerCap from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Zacks Investment Research lowered shares of AerCap from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, Goldman Sachs Group assumed coverage on shares of AerCap in a report on Monday, April 8th. They issued a “neutral” rating and a $58.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $57.00.
COPYRIGHT VIOLATION WARNING: This news story was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://theolympiareport.com/2019/05/23/aercap-holdings-aer-stake-boosted-by-freestone-capital-holdings-llc.html.
AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
Featured Article: What defines an oversold asset?
Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerCap Holdings (NYSE:AER).
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.