Fly Leasing Ltd (NYSE:FLY)’s stock price traded up 5.5% during mid-day trading on Monday . The company traded as high as $18.12 and last traded at $17.92, 359,050 shares were traded during trading. An increase of 138% from the average session volume of 150,885 shares. The stock had previously closed at $16.98.

A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Fly Leasing from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine lowered Fly Leasing from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.17.

The company has a 50 day moving average of $17.11 and a 200 day moving average of $15.05. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $487.29 million, a price-to-earnings ratio of 5.97 and a beta of 0.92.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. raised its stake in Fly Leasing by 0.6% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,687,801 shares of the transportation company’s stock valued at $37,199,000 after purchasing an additional 17,229 shares during the last quarter. Renaissance Group LLC raised its stake in Fly Leasing by 2.5% in the 1st quarter. Renaissance Group LLC now owns 58,100 shares of the transportation company’s stock valued at $804,000 after purchasing an additional 1,420 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in Fly Leasing by 95.4% in the 1st quarter. Monarch Partners Asset Management LLC now owns 166,985 shares of the transportation company’s stock valued at $2,311,000 after purchasing an additional 81,545 shares during the last quarter. SFE Investment Counsel raised its stake in Fly Leasing by 2.0% in the 1st quarter. SFE Investment Counsel now owns 106,435 shares of the transportation company’s stock valued at $1,473,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in Fly Leasing in the 1st quarter valued at $117,000. 42.06% of the stock is owned by hedge funds and other institutional investors.

Fly Leasing Company Profile (NYSE:FLY)

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines.

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