Barton Investment Management Sells 8,545 Shares of Air Lease Co. (NYSE:AL)

Barton Investment Management cut its stake in Air Lease Co. (NYSE:AL - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 677,123 shares of the transportation company's stock after selling 8,545 shares during the period. Air Lease makes up about 3.5% of Barton Investment Management's holdings, making the stock its 7th largest holding. Barton Investment Management owned approximately 0.61% of Air Lease worth $32,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eastern Bank acquired a new stake in shares of Air Lease during the 3rd quarter worth about $27,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Air Lease in the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC boosted its position in shares of Air Lease by 55.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company's stock worth $85,000 after purchasing an additional 667 shares during the period. KBC Group NV increased its holdings in Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company's stock valued at $151,000 after purchasing an additional 557 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after purchasing an additional 389 shares during the period. Institutional investors and hedge funds own 94.59% of the company's stock.

Air Lease Stock Down 0.5 %

AL stock traded down $0.23 during trading on Friday, hitting $46.01. 497,053 shares of the company's stock were exchanged, compared to its average volume of 597,716. The business has a 50-day moving average price of $47.81 and a two-hundred day moving average price of $46.30. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.00 and a beta of 1.59. Air Lease Co. has a 52-week low of $39.35 and a 52-week high of $52.31.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AL shares. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group reissued a "buy" rating and set a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $57.60.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.