AerCap Holdings (NYSE:AER) Sees Large Growth in Short Interest

AerCap Holdings (NYSE:AER) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,470,000 shares, an increase of 6.9% from the December 31st total of 2,310,000 shares. Based on an average daily trading volume, of 979,900 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On AerCap

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after buying an additional 6,654 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of AerCap by 2.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 451 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in AerCap by 66.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock worth $26,503,000 after purchasing an additional 112,084 shares in the last quarter. KBC Group NV raised its stake in AerCap by 18.7% in the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock valued at $33,236,000 after purchasing an additional 55,213 shares during the last quarter. Finally, Summit Global Investments purchased a new position in AerCap in the 3rd quarter valued at about $667,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

AER stock traded down $0.19 on Tuesday, reaching $94.83. 608,945 shares of the company’s stock were exchanged, compared to its average volume of 947,238. The stock has a fifty day moving average of $95.93 and a 200-day moving average of $95.00. The firm has a market cap of $18.77 billion, a PE ratio of 7.50, a P/E/G ratio of 2.09 and a beta of 1.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap has a twelve month low of $75.83 and a twelve month high of $100.81.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.