Air Lease Corporation’s recent filing unveils that its EVP AND CFO Willis Gregory B unloaded Company’s shares for reported $0.61 million on Feb 22. In the deal valued at $42.79 per share,14,139 shares were sold. As a result of this transaction, Willis Gregory B now holds 63,889 shares worth roughly $ 2.5 million.
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Then, Levy Grant A sold 10,000 shares, generating $392,737 in total proceeds. Upon selling the shares at $39.27, the EVP now owns 146,693 shares.
Before that, UDVAR-HAZY STEVEN F bought 2,000 shares. Air Lease Corporation shares valued at $67,730 were divested by the EXECUTIVE CHAIRMAN at a price of $33.86 per share. As a result of the transaction, UDVAR-HAZY STEVEN F now holds 1,205,558 shares, worth roughly $47.19 million.
PT values the company’s stock at a premium of 33.66 to its Tuesday closing price. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Cowen also remained covering AL and reiterated its “an Outperform” recommendation on February 18, 2020. Cowen maintained its rating on August 09, 2019. It rated AL as “an Outperform”.
Price Performance Review of AL
On Tuesday, Air Lease Corporation [NYSE:AL] saw its stock jump 2.11% to $39.14. On the same session, the stock had its day’s lowest price of $38.81, but rose to a high of $40.00. Over the last five days, the stock has lost -6.92%. Air Lease Corporation shares have risen nearly 1.87% since the year began. Nevertheless, the stocks have risen 4.57% over the past one year. While a 52-week high of $47.00 was reached on 02/02/23, a 52-week low of $29.75 was recorded on 03/13/23. SMA at 50 days reached $42.89, while 200 days put it at $37.43. A total of 0.85 million shares were traded, compared to the trading of 0.72 million shares in the previous session.
Levels Of Support And Resistance For AL Stock
The 24-hour chart illustrates a support level at 38.63, which if violated will result in even more drops to 38.13. On the upside, there is a resistance level at 39.82. A further resistance level may holdings at 40.51. The Relative Strength Index (RSI) on the 14-day chart is 31.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.61%. Stochastics %K at 12.32% indicates the stock is a buying.
How much short interest is there in Air Lease Corporation?
A steep rise in short interest was recorded in Air Lease Corporation stocks on Jan 30, 2023, growing by 50000.0 shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.25 million shares. There was a rise of 2.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.77.
Air Lease Corporation [AL] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,753,767 shares, or roughly 8.80% of the outstanding AL shares. In other words, the investor’s shares have risen by 217,280 from its previous 13-F filing of 9536487.0. Additionally, Dimensional Fund Advisors LP increased 1.51% of its stake after which the total value it holdings stand at $287,911,501, while Capital Research & Management Co added 0.47% of its stake to hold $210.37 million in the firm. Over the last quarter, Wellington Management Co. LLP sold -598,561 shares of Air Lease Corporation, while BlackRock Fund Advisors sold 211,847 shares. At present, JPMorgan Investment Management, I is holding 3,724,999 shares valued at $161.22 million. T. Rowe Price Investment Manageme owned 3,209,304 shares of the company at the time of its most recent 13F filing, worth $138.9 million.
According to FactSet, Air Lease Corporation’s share price will average $56.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 43.49 percent from its previous closing price of $38.33. Analysts expect Air Lease Corporation stock to reach the higher price of $60.00, while the lowest price estimate is $52.00. However, 8 analysts have rated AL stock as a Buy in their predictions for 2023. The most recent change occurred on April 08, 2019 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $52 price target.