AerCap Holdings (NYSE:AER – Get Rating) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 3,790,000 shares, a growth of 9.9% from the November 30th total of 3,450,000 shares. Based on an average daily volume of 925,800 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.0% of the company's stock are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in AER. American National Bank acquired a new stake in shares of AerCap in the 3rd quarter valued at $28,000. Private Trust Co. NA bought a new position in shares of AerCap in the second quarter worth about $28,000. Quadrant Capital Group LLC lifted its holdings in shares of AerCap by 40.5% in the third quarter. Quadrant Capital Group LLC now owns 676 shares of the financial services provider's stock worth $29,000 after acquiring an additional 195 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AerCap by 71.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 848 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 352 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of AerCap during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 98.17% of the company's stock.
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Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AER shares. StockNews.com began coverage on shares of AerCap in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Barclays raised their price objective on AerCap from $58.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, November 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.
AerCap Price Performance
AerCap stock opened at $58.32 on Tuesday. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of -12.43, a PEG ratio of 0.86 and a beta of 2.00. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.03. AerCap has a 12 month low of $37.20 and a 12 month high of $69.36. The stock's 50 day moving average is $57.56 and its 200-day moving average is $49.08.
AerCap (NYSE:AER – Get Rating) last posted its earnings results on Thursday, November 3rd. The financial services provider reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.82. AerCap had a positive return on equity of 11.28% and a negative net margin of 17.08%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm earned $4.04 earnings per share. The company's revenue was up 18.6% on a year-over-year basis. Equities research analysts expect that AerCap will post 8.28 EPS for the current year.
AerCap Company Profile
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AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.
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