Renaissance Technologies LLC Sells 60,701 Shares of Fly Leasing Limited (FLY)

Renaissance Technologies LLC decreased its stake in Fly Leasing Limited (NYSE:FLY) by 17.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,383 shares of the transportation company’s stock after selling 60,701 shares during the period. Renaissance Technologies LLC owned approximately 0.90% of Fly Leasing Limited worth $3,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Fly Leasing Limited by 6.7% in the first quarter. Ameriprise Financial Inc. now owns 12,994 shares of the transportation company’s stock worth $170,000 after buying an additional 817 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Fly Leasing Limited by 31.5% in the first quarter. Parametric Portfolio Associates LLC now owns 17,394 shares of the transportation company’s stock valued at $228,000 after buying an additional 4,163 shares during the period. Trexquant Investment LP purchased a new stake in Fly Leasing Limited during the first quarter valued at $234,000. Raymond James Financial Services Advisors Inc. boosted its stake in Fly Leasing Limited by 4.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,654 shares of the transportation company’s stock valued at $271,000 after buying an additional 966 shares during the period. Finally, Atlantic Trust Group LLC boosted its stake in Fly Leasing Limited by 13.9% in the first quarter. Atlantic Trust Group LLC now owns 23,350 shares of the transportation company’s stock valued at $306,000 after buying an additional 2,850 shares during the period. Hedge funds and other institutional investors own 50.48% of the company’s stock.

Shares of Fly Leasing Limited (NYSE FLY) traded down 0.68% on Friday, reaching $13.13. 73,885 shares of the company’s stock traded hands. The company has a 50 day moving average of $13.72 and a 200-day moving average of $13.36. Fly Leasing Limited has a 52 week low of $11.41 and a 52 week high of $14.45. The stock’s market capitalization is $396.18 million.

Fly Leasing Limited (NYSE:FLY) last announced its quarterly earnings data on Thursday, August 10th. The transportation company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $79.21 million during the quarter, compared to analysts’ expectations of $83.17 million. Fly Leasing Limited had a positive return on equity of 11.37% and a negative net margin of 9.68%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Equities research analysts forecast that Fly Leasing Limited will post $1.12 earnings per share for the current year.

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A number of research firms recently weighed in on FLY. Zacks Investment Research cut shares of Fly Leasing Limited from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of Fly Leasing Limited from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine raised shares of Fly Leasing Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Fly Leasing Limited in a research report on Friday, April 21st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.90.

About Fly Leasing Limited

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.

Institutional Ownership by Quarter for Fly Leasing Limited (NYSE:FLY)

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