Norris Perne & French Llp Cut Its Air Lease Cl A (AL) Holding; John Hancock Preferred Income Fund II (HPF) Sentiment Is 0.93

December 13, 2017 - By Winifred Garcia

Norris Perne & French Llp decreased Air Lease Corp Cl A (AL) stake by 81.5% reported in 2017Q2 SEC filing. Norris Perne & French Llp sold 123,823 shares as Air Lease Corp Cl A (AL)’s stock declined 4.16%. The Norris Perne & French Llp holds 28,105 shares with $1.05 million value, down from 151,928 last quarter. Air Lease Corp Cl A now has $4.59B valuation. The stock increased 1.60% or $0.7 during the last trading session, reaching $44.45. About 601,643 shares traded. Air Lease Corporation (NYSE:AL) has risen 29.12% since December 13, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.

The stock decreased 0.66% or $0.14 during the last trading session, reaching $21.2. About 38,742 shares traded or 34.22% up from the average. John Hancock Preferred Income Fund II (HPF) has risen 1.51% since December 13, 2016 and is uptrending. It has underperformed by 15.19% the S&P500.

Fiduciary Financial Services Of The Southwest Inc Tx holds 1% of its portfolio in John Hancock Preferred Income Fund II for 147,307 shares. Rocky Mountain Advisers Llc owns 1,000 shares or 0.1% of their US portfolio. Moreover, Ifc Holdings Incorporated Fl has 0.07% invested in the company for 39,007 shares. The Georgia-based Capital Investment Advisors Llc has invested 0.05% in the stock. Provise Management Group Llc, a Florida-based fund reported 11,500 shares.

Analysts await Air Lease Corporation (NYSE:AL) to report earnings on February, 22. They expect $0.85 EPS, down 40.97% or $0.59 from last year’s $1.44 per share. AL’s profit will be $87.75 million for 13.07 P/E if the $0.85 EPS becomes a reality. After $0.90 actual EPS reported by Air Lease Corporation for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

Investors sentiment increased to 1.16 in 2017 Q2. Its up 0.01, from 1.15 in 2017Q1. It is positive, as 39 investors sold AL shares while 65 reduced holdings. 37 funds opened positions while 83 raised stakes. 90.69 million shares or 0.16% less from 90.84 million shares in 2017Q1 were reported. Wellington Shields Cap Management Llc invested in 0.04% or 6,500 shares. Bartlett & Communications Limited Co holds 0% or 1,900 shares in its portfolio. Bluemountain Cap Management Ltd Liability accumulated 22,155 shares or 0.02% of the stock. Selz Cap Ltd Liability Corporation has 10.87% invested in Air Lease Corporation (NYSE:AL) for 1.03 million shares. Barclays Public Limited Com invested in 0.01% or 243,751 shares. Balyasny Asset Limited Company has invested 0% in Air Lease Corporation (NYSE:AL). Ubs Oconnor Ltd Liability Corporation reported 0% stake. Suntrust Banks invested in 12,844 shares or 0% of the stock. Federated Investors Inc Pa reported 1.94 million shares. Fincl Bank Of America Corp De invested 0.01% in Air Lease Corporation (NYSE:AL). Baystate Wealth Mgmt Ltd owns 30 shares. Susquehanna Intll Grp Inc Limited Liability Partnership has 143,409 shares. Schwab Charles Investment Management reported 0.01% in Air Lease Corporation (NYSE:AL). Capital Va invested in 80,510 shares. 3.63 million are held by Wellington Management Grp Limited Liability Partnership.

Norris Perne & French Llp increased Charles Riv Labs Intl Inc Com (NYSE:CRL) stake by 5,120 shares to 98,305 valued at $9.94 million in 2017Q2. It also upped Omnicom Group Inc Com (NYSE:OMC) stake by 4,141 shares and now owns 71,170 shares. Alphabet Inc Cap Stk Cl A was raised too.

Among 13 analysts covering Air Lease (NYSE:AL), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Air Lease had 38 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 17 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, November 2 by RBC Capital Markets. The stock has “Outperform” rating by FBR Capital on Tuesday, November 22. The stock of Air Lease Corporation (NYSE:AL) earned “Outperform” rating by Cowen & Co on Friday, November 10. RBC Capital Markets maintained it with “Top Pick” rating and $66 target in Friday, August 7 report. The rating was maintained by Cowen & Co with “Buy” on Friday, August 4. The firm has “Outperform” rating by Credit Suisse given on Monday, December 28. The firm has “Top Pick” rating by RBC Capital Markets given on Friday, September 29. The firm has “Hold” rating given on Wednesday, August 9 by Bank of America. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, April 6.

Since August 8, 2017, it had 0 insider purchases, and 4 insider sales for $1.34 million activity. Baer Marc H sold $300,346 worth of stock. Khatibi Alex A had sold 11,000 shares worth $440,000 on Monday, September 11. The insider Chen Jie sold 10,000 shares worth $430,000.

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