Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Fly Leasing Limited (NYSE:FLY) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,545 shares of the transportation company’s stock after selling 3,109 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.06% of Fly Leasing Limited worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of FLY. Goldman Sachs Group Inc. grew its position in Fly Leasing Limited by 630.0% during the second quarter. Goldman Sachs Group Inc. now owns 194,005 shares of the transportation company’s stock worth $2,609,000 after buying an additional 167,430 shares in the last quarter. Uniplan Investment Counsel Inc. boosted its holdings in shares of Fly Leasing Limited by 27.7% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 512,759 shares of the transportation company’s stock worth $6,896,000 after purchasing an additional 111,372 shares in the last quarter. Morgan Stanley boosted 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 purchasing an additional 96,040 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Fly Leasing Limited by 44.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 247,957 shares of the transportation company’s stock worth $3,335,000 after purchasing an additional 75,926 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Fly Leasing Limited by 191.1% in the 2nd quarter. Citadel Advisors LLC now owns 29,401 shares of the transportation company’s stock worth $395,000 after purchasing an additional 19,301 shares in the last quarter. Institutional investors and hedge funds own 46.42% of the company’s stock.

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

Shares of Fly Leasing Limited (NYSE:FLY) opened at $13.72 on Friday. The firm has a market capitalization of $414.00, a PE ratio of 11.73, a P/E/G ratio of 1.35 and a beta of 1.10. Fly Leasing Limited has a fifty-two week low of $11.91 and a fifty-two week high of $14.65. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 4.48.

Fly Leasing Limited (NYSE:FLY) last issued its earnings results on Thursday, August 10th. The transportation company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company 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 6.59% and a negative net margin of 19.77%. Fly Leasing Limited’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. equities analysts predict that Fly Leasing Limited will post 0.74 earnings per share for the current fiscal year.

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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