Simplex Trading adds Aircastle Limited (AYR) to its portfolio

Aircastle Limited (AYR) : Simplex Trading added new position in Aircastle Limited during the most recent quarter end. The investment management firm now holds 17,090 shares of Aircastle Limited which is valued at $349,320 , the company said in a statement filed on Oct 7, 2016 with the SEC.Aircastle Limited makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in AYR in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 6,210 shares of Aircastle Limited which is valued at $125,069.

Aircastle Limited opened for trading at $20.31 and hit $20.5061 on the upside on Friday, eventually ending the session at $20.44, with a gain of 0.49% or 0.1 points. The heightened volatility saw the trading volume jump to 3,50,133 shares. Company has a market cap of $1,607 M.

On the company’s financial health, Aircastle Limited reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $190.00 million for the quarter, compared to analysts expectations of $188.25 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Aircastle Limited. Shares were Downgraded by FBR Capital on Aug 5, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 23 from a previous price target of $24 .

Aircastle Limited (Aircastle) is a holding company. The Company through its subsidiaries is engaged in acquiring leasing and selling commercial jet aircrafts. As of December 31 2014 the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States Ireland and Singapore. It also makes investments in other aviation assets including debt investments secured by commercial jet aircraft. The Company offers passenger aircraft including narrowbody midbody and widebody and freighter aircrafts. The Company has operations in Europe Asia and Pacific North America South America and Middle East and Africa. As of December 31 2014 its customers include Martinair (including its affiliate Transavia) LATAM Airlines Group S.A. and South African Airways Pty. Ltd.

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