California Public Employees Retirement System increased its stake in shares of Fly Leasing Ltd (NYSE:FLY) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 117,320 shares of the transportation company’s stock after buying an additional 5,542 shares during the period. California Public Employees Retirement System’s holdings in Fly Leasing were worth $1,515,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. OxFORD Asset Management LLP bought a new stake in Fly Leasing in the 3rd quarter valued at about $706,000. Monarch Partners Asset Management LLC boosted its holdings in Fly Leasing by 35.0% in the 4th quarter. Monarch Partners Asset Management LLC now owns 46,140 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 11,950 shares during the period. Uniplan Investment Counsel Inc. boosted its holdings in Fly Leasing by 6.5% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 545,990 shares of the transportation company’s stock valued at $7,654,000 after purchasing an additional 33,231 shares during the period. Point72 Asset Management L.P. boosted its holdings in Fly Leasing by 2.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 292,338 shares of the transportation company’s stock valued at $4,099,000 after purchasing an additional 8,190 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in Fly Leasing by 48.1% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 236,335 shares of the transportation company’s stock valued at $3,051,000 after purchasing an additional 76,722 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Fly Leasing Ltd (NYSE:FLY) opened at $13.36 on Monday. Fly Leasing Ltd has a twelve month low of $11.54 and a twelve month high of $14.65. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.87. The firm has a market cap of $383.41, a P/E ratio of 190.88, a PEG ratio of 0.65 and a beta of 1.10.
A number of analysts have issued reports on FLY shares. Zacks Investment Research raised shares of Fly Leasing from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, March 13th. ValuEngine raised shares of Fly Leasing from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Citigroup started coverage on shares of Fly Leasing in a report on Friday, December 8th. They issued a “sell” rating and a $13.50 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fly Leasing from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, March 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Fly Leasing currently has a consensus rating of “Hold” and an average price target of $15.70.
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About Fly Leasing
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircrafts under multi-year contracts to various airlines worldwide. As of December 31, 2017, the company had a portfolio of 85 aircrafts, including 73 narrow-body passenger aircrafts and 12 wide-body passenger aircrafts. Fly Leasing Limited was founded in 2007 and is headquartered in Dún Laoghaire, Ireland.
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