Uniplan Investment Counsel Inc. boosted its holdings in Fly Leasing Limited (NYSE:FLY) by 6.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 545,990 shares of the transportation company’s stock after acquiring an additional 33,231 shares during the period. Uniplan Investment Counsel Inc. owned 1.81% of Fly Leasing worth $7,654,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Fly Leasing during the third quarter worth about $102,000. Parametric Portfolio Associates LLC increased its holdings in Fly Leasing by 8.2% in the second quarter. Parametric Portfolio Associates LLC now owns 18,818 shares of the transportation company’s stock valued at $253,000 after buying an additional 1,424 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Fly Leasing by 27.1% in the third quarter. Allianz Asset Management GmbH now owns 22,481 shares of the transportation company’s stock valued at $315,000 after buying an additional 4,798 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Fly Leasing in the first quarter valued at about $349,000. Finally, Citadel Advisors LLC increased its holdings in Fly Leasing by 191.1% in the second quarter. Citadel Advisors LLC now owns 29,401 shares of the transportation company’s stock valued at $395,000 after buying an additional 19,301 shares in the last quarter. 45.02% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on FLY shares. ValuEngine raised shares of Fly Leasing from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Compass Point restated a “buy” rating and set a $19.00 target price (up previously from $17.00) on shares of Fly Leasing in a research report on Tuesday, October 3rd. Cowen restated a “buy” rating and set a $16.00 target price on shares of Fly Leasing in a research report on Tuesday, September 19th. Zacks Investment Research lowered shares of Fly Leasing from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. Finally, BidaskClub lowered shares of Fly Leasing from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.00.
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Fly Leasing Company Profile
Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines throughout the world. The Company primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft; purchasing portfolios, which consists of aircraft of various types and ages, and acquiring individual aircraft.
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