Aircastle Limited (AYR) Forms Bearish Wedge Down; Strong Momentum for Sellers

July 17, 2017 - By Darrin Black

Investors sentiment increased to 1 in Q4 2016. Its up 0.25, from 0.75 in 2016Q3. It increased, as 20 investors sold Aircastle Limited shares while 43 reduced holdings. 23 funds opened positions while 40 raised stakes. 48.37 million shares or 2.33% less from 49.52 million shares in 2016Q3 were reported.
Private Wealth Prtnrs Ltd Company reported 0.18% stake. 3.87M were reported by Lsv Asset Mgmt. Nationwide Fund Advsrs reported 48,126 shares. Wealthtrust has invested 0% in Aircastle Limited (NYSE:AYR). The Colorado-based Advsrs Asset Inc has invested 0.41% in Aircastle Limited (NYSE:AYR). Barnett Co invested in 0.03% or 2,500 shares. James Invest reported 700 shares. The Pennsylvania-based Brandywine Global Inv Management Ltd Com has invested 0.04% in Aircastle Limited (NYSE:AYR). Fuller And Thaler Asset Mgmt Incorporated holds 5,000 shares. Moreover, Retail Bank Of America Corporation De has 0% invested in Aircastle Limited (NYSE:AYR). Cambridge Inv Research Advisors owns 0.01% invested in Aircastle Limited (NYSE:AYR) for 16,045 shares. Guggenheim Capital Ltd Liability reported 0% in Aircastle Limited (NYSE:AYR). Goodnow Group Ltd Limited Liability Company invested in 1.82M shares or 8.47% of the stock. Fifth Third Retail Bank stated it has 21,286 shares or 0% of all its holdings. Cambiar Investors Limited holds 0.38% or 1.08M shares in its portfolio.

The stock of Aircastle Limited (AYR) formed a down wedge with $20.35 target or 6.00 % below today’s $21.65 share price. The 8 months wedge indicates high risk for the $1.70 billion company. If the $20.35 price target is reached, the company will be worth $102.00M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 202,279 shares traded. Aircastle Limited (NYSE:AYR) has risen 8.43% since July 17, 2016 and is uptrending. It has underperformed by 8.27% the S&P500.

Aircastle Limited (NYSE:AYR) Ratings Coverage

Among 13 analysts covering Aircastle (NYSE:AYR), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Aircastle had 31 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained Aircastle Limited (NYSE:AYR) rating on Friday, July 7. Cowen & Co has “Hold” rating and $2500 target. FBR Capital downgraded Aircastle Limited (NYSE:AYR) rating on Wednesday, February 15. FBR Capital has “Mkt Perform” rating and $27.50 target. The firm earned “Outperform” rating on Wednesday, November 2 by FBR Capital. The stock has “Neutral” rating by DA Davidson on Friday, August 21. On Tuesday, February 28 the stock rating was upgraded by Bank of America to “Neutral”. FBR Capital upgraded Aircastle Limited (NYSE:AYR) rating on Friday, February 12. FBR Capital has “Outperform” rating and $20 target. The firm earned “Neutral” rating on Wednesday, November 4 by Macquarie Research. The stock of Aircastle Limited (NYSE:AYR) earned “Overweight” rating by Barclays Capital on Wednesday, November 11. The rating was downgraded by Wells Fargo on Thursday, April 14 to “Market Perform”. The rating was upgraded by DA Davidson to “Buy” on Friday, February 12.

More notable recent Aircastle Limited (NYSE:AYR) news were published by: Prnewswire.com which released: “Aircastle to Announce First Quarter 2017 Earnings on May 4, 2017” on April 20, 2017, also Nasdaq.com with their article: “Aircastle Limited (AYR) Ex-Dividend Date Scheduled for February 24, 2017” published on February 23, 2017, Seekingalpha.com published: “Aircastle: Better Earnings, But Prefer Air Lease And AerCap” on February 26, 2017. More interesting news about Aircastle Limited (NYSE:AYR) were released by: Prnewswire.com and their article: “Aircastle Provides Update On CEO Medical Leave Of Absence” published on February 06, 2017 as well as Prnewswire.com‘s news article titled: “Aircastle Announces Senior Management Transition and Changes to Board of Directors” with publication date: June 12, 2017.

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