Numeric Investors LLC cut its stake in Fly Leasing Limited (NYSE:FLY) by 73.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,350 shares of the transportation company’s stock after selling 213,573 shares during the period. Numeric Investors LLC owned about 0.26% of Fly Leasing Limited worth $1,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FLY. Ameriprise Financial Inc. raised its holdings in shares of Fly Leasing Limited by 6.7% in the 1st quarter. Ameriprise Financial Inc. now owns 12,994 shares of the transportation company’s stock worth $170,000 after buying an additional 817 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Fly Leasing Limited by 31.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 17,394 shares of the transportation company’s stock worth $228,000 after buying an additional 4,163 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fly Leasing Limited by 4.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 20,654 shares of the transportation company’s stock worth $271,000 after buying an additional 966 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Fly Leasing Limited by 12.1% in the 1st quarter. California Public Employees Retirement System now owns 102,700 shares of the transportation company’s stock worth $1,347,000 after buying an additional 11,100 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Fly Leasing Limited by 9.0% in the 1st quarter. Morgan Stanley now owns 1,167,042 shares of the transportation company’s stock worth $15,312,000 after buying an additional 96,040 shares in the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

Shares of Fly Leasing Limited (NYSE FLY) opened at 14.38 on Wednesday. Fly Leasing Limited has a 12-month low of $11.85 and a 12-month high of $14.65. The firm’s market capitalization is $433.90 million. The company’s 50-day moving average price is $13.91 and its 200-day moving average price is $13.41.

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

FLY has been the subject of a number of recent research reports. Zacks Investment Research raised Fly Leasing Limited from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub raised Fly Leasing Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. ValuEngine raised Fly Leasing Limited from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Compass Point reaffirmed a “buy” rating and set a $19.00 price target (up from $17.00) on shares of Fly Leasing Limited in a report on Tuesday, October 3rd. Finally, Cowen and Company reaffirmed a “buy” rating and set a $16.00 price target on shares of Fly Leasing Limited in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Fly Leasing Limited presently has an average rating of “Buy” and a consensus price target of $17.60.

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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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