AerCap Holdings (NYSE:AER) Sees Large Drop in Short Interest

AerCap Holdings (NYSE:AER) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 3,754,600 shares, a decline of 31.6% from the May 30th total of 5,490,800 shares. Based on an average daily trading volume, of 910,600 shares, the days-to-cover ratio is presently 4.1 days. Currently, 2.9% of the company’s shares are sold short.

Shares of NYSE:AER traded up $0.47 on Friday, hitting $50.94. 896,730 shares of the company’s stock were exchanged, compared to its average volume of 1,176,768. AerCap has a 12 month low of $36.16 and a 12 month high of $58.30. The company has a market capitalization of $7.62 billion, a PE ratio of 7.46 and a beta of 1.86. The stock’s 50 day simple moving average is $48.88. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.64 and a quick ratio of 0.64.

AerCap (NYSE:AER) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.08. AerCap had a return on equity of 11.09% and a net margin of 20.57%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.72 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts anticipate that AerCap will post 6.76 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in shares of AerCap by 2.6% during the fourth quarter. Legal & General Group Plc now owns 794,819 shares of the financial services provider’s stock worth $31,475,000 after purchasing an additional 20,112 shares during the last quarter. Wexford Capital LP bought a new stake in shares of AerCap during the fourth quarter worth $17,738,000. Asahi Life Asset Management CO. LTD. bought a new stake in shares of AerCap in the first quarter valued at about $261,000. Weiss Multi Strategy Advisers LLC bought a new stake in shares of AerCap in the fourth quarter valued at about $2,772,000. Finally, Hayden Royal LLC bought a new stake in shares of AerCap in the first quarter valued at about $346,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

Several research analysts have commented on the stock. ValuEngine raised shares of Vanda Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research note on Tuesday, June 25th. Citigroup dropped their price objective on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $393.00 target price on shares of Boeing in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.67.

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.

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