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AerCap Holdings (NYSE:AER) Short Interest Up 17.9% in October

Last updated on Saturday, November 21, 2020 | 2020 MarketBeat

AerCap Holdings (NYSE:AER) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totalling 6,250,000 shares, an increase of 17.9% from the October 15th total of 5,300,000 shares. Currently, 5.0% of the shares of the company are short sold. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is currently 4.2 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of AER. Schonfeld Strategic Advisors LLC purchased a new position in shares of AerCap during the 3rd quarter valued at $554,000. Paloma Partners Management Co boosted its stake in AerCap by 77.6% during the third quarter. Paloma Partners Management Co now owns 30,611 shares of the financial services provider's stock valued at $771,000 after buying an additional 13,372 shares during the period. Voloridge Investment Management LLC grew its position in AerCap by 226.3% during the third quarter. Voloridge Investment Management LLC now owns 471,359 shares of the financial services provider's stock worth $11,874,000 after buying an additional 326,924 shares in the last quarter. VR Advisory Services Ltd bought a new position in AerCap in the 3rd quarter worth about $1,008,000. Finally, Te Ahumairangi Investment Management Ltd purchased a new stake in shares of AerCap in the 3rd quarter valued at about $531,000. Institutional investors and hedge funds own 75.89% of the company's stock.

Shares of NYSE AER traded down $1.08 during mid-day trading on Friday, hitting $37.92. The company had a trading volume of 1,344,036 shares, compared to its average volume of 1,749,192. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.50. AerCap has a 1 year low of $10.42 and a 1 year high of $64.86. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -145.85 and a beta of 2.15. The stock's 50-day moving average price is $29.37 and its 200-day moving average price is $29.75.

AerCap (NYSE:AER) last issued its earnings results on Sunday, November 15th. The financial services provider reported ($6.33) EPS for the quarter, missing the consensus estimate of $1.40 by ($7.73). AerCap had a positive return on equity of 10.59% and a negative net margin of 0.37%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business earned $2.01 EPS. The firm's revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, equities research analysts forecast that AerCap will post 6.17 earnings per share for the current year.

AER has been the topic of a number of research reports. ValuEngine raised shares of AerCap from a "sell" rating to a "hold" rating in a report on Monday, November 2nd. Barclays boosted their target price on AerCap from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Wednesday, November 11th. Zacks Investment Research downgraded AerCap from a "hold" rating to a "sell" rating in a research note on Wednesday, November 11th. Finally, Credit Suisse Group restated a "buy" rating on shares of AerCap in a research note on Monday, August 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average price target of $40.50.

About AerCap

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

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