Air Lease Corp (AL) Shareholder Klingenstein Fields & Co LLC Has Raised Stake by $6.43 Million as Market Value Declined

June 20, 2017 - By Stephen Andrade

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.05, from 1.11 in 2016Q3. It dropped, as 28 investors sold AL shares while 83 reduced holdings. 43 funds opened positions while 75 raised stakes. 89.95 million shares or 0.03% more from 89.93 million shares in 2016Q3 were reported. Maryland-based Price T Rowe Assocs Md has invested 0% in Air Lease Corp (NYSE:AL). Moreover, Morgan Stanley has 0% invested in Air Lease Corp (NYSE:AL) for 299,422 shares. Sterling Cap Management Ltd Liability Co, North Carolina-based fund reported 372,754 shares. Blackrock Limited Liability owns 57,419 shares or 0% of their US portfolio. Dreman Value L L C owns 18,726 shares. The Florida-based State Board Of Administration Of Florida Retirement has invested 0.01% in Air Lease Corp (NYSE:AL). Sei Invs Company has 0% invested in Air Lease Corp (NYSE:AL) for 13,455 shares. Pekin Singer Strauss Asset Il accumulated 175,286 shares. Cap Rech Glob reported 0.04% of its portfolio in Air Lease Corp (NYSE:AL). Gagnon Securities Limited Co accumulated 452,555 shares or 6.66% of the stock. Artemis Inv Management Limited Liability Partnership invested 0.11% of its portfolio in Air Lease Corp (NYSE:AL). Capital Impact Advsrs Ltd Limited Liability Company stated it has 27,667 shares. Legal General Group Inc Public Limited has invested 0% in Air Lease Corp (NYSE:AL). Qs Invsts Ltd Limited Liability Company reported 0% stake. Oppenheimer Inc owns 121,542 shares for 0.12% of their portfolio.

Since March 15, 2017, it had 0 insider purchases, and 4 insider sales for $2.47 million activity. Korde Kishore also sold $76,000 worth of Air Lease Corp (NYSE:AL) on Thursday, June 1. Poerschke John D had sold 3,959 shares worth $154,750. Chen Jie also sold $1.17M worth of Air Lease Corp (NYSE:AL) shares.

Klingenstein Fields & Co Llc increased its stake in Air Lease Corp (AL) by 25.77% based on its latest 2016Q4 regulatory filing with the SEC. Klingenstein Fields & Co Llc bought 189,202 shares as the company’s stock declined 4.16% while stock markets rallied. The institutional investor held 923,260 shares of the diversified commercial services company at the end of 2016Q4, valued at $31.70 million, up from 734,058 at the end of the previous reported quarter. Klingenstein Fields & Co Llc who had been investing in Air Lease Corp for a number of months, seems to be bullish on the $3.83 billion market cap company. The stock declined 0.87% or $0.33 reaching $37.42 on the news. About 14,593 shares traded. Air Lease Corp (NYSE:AL) has risen 29.12% since June 20, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.

More important recent Air Lease Corp (NYSE:AL) news were published by: which released: “Boeing’s Muilenburg eyes hypersonic jets for commercial flights” on June 19, 2017, also published article titled: “Air Lease Corporation Announces the Lease Placement of Six New Boeing 737 MAX …”, published: “BRIEF-Air Lease Corp announces pricing of public offering of $600 mln of 2.625 …” on June 06, 2017. More interesting news about Air Lease Corp (NYSE:AL) was released by: and their article: “Air Lease Corporation: Should Value Investors Pick AL Stock?” with publication date: May 23, 2017.

Air Lease Corp (NYSE:AL) Ratings Coverage

Among 10 analysts covering Air Lease (NYSE:AL), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Air Lease had 22 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, August 5 by FBR Capital. The rating was maintained by Credit Suisse with “Outperform” on Monday, December 28. The firm has “Outperform” rating by FBR Capital given on Friday, November 4. The firm earned “Top Pick” rating on Friday, May 6 by RBC Capital Markets. The rating was reinitiated by FBR Capital with “Outperform” on Tuesday, October 13. RBC Capital Markets maintained the stock with “Top Pick” rating in Friday, November 6 report. The stock has “Buy” rating by Citigroup on Monday, March 14. The stock has “Top Pick” rating by RBC Capital Markets on Friday, August 7. On Friday, August 7 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Overweight” rating on Friday, November 13 by JP Morgan.

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