Denali Advisors Has Boosted Its Stake in Air Lease Cl A (AL) by $2.63 Million; Raytheon Co (RTN) Holder Linscomb & Williams Increased Position

February 20, 2018 - By Vivian Park

Denali Advisors Llc increased its stake in Air Lease Corp Cl A (AL) by 170.84% based on its latest 2017Q3 regulatory filing with the SEC. Denali Advisors Llc bought 62,700 shares as the company’s stock declined 4.16% while stock markets rallied. The institutional investor held 99,400 shares of the diversified commercial services company at the end of 2017Q3, valued at $4.24M, up from 36,700 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Air Lease Corp Cl A for a number of months, seems to be bullish on the $4.76B market cap company. The stock increased 0.41% or $0.19 during the last trading session, reaching $46.06. About 444,195 shares traded. Air Lease Corporation (NYSE:AL) has risen 29.12% since February 20, 2017 and is uptrending. It has outperformed by 12.42% the S&P500.

Linscomb & Williams Inc increased its stake in Raytheon Co (RTN) by 127.22% based on its latest 2017Q3 regulatory filing with the SEC. Linscomb & Williams Inc bought 2,206 shares as the company’s stock rose 4.85% with the market. The institutional investor held 3,940 shares of the industrial machinery and components company at the end of 2017Q3, valued at $735,000, up from 1,734 at the end of the previous reported quarter. Linscomb & Williams Inc who had been investing in Raytheon Co for a number of months, seems to be bullish on the $62.82B market cap company. The stock decreased 0.21% or $0.45 during the last trading session, reaching $217.73. About 1.51M shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since February 20, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Among 13 analysts covering Air Lease (NYSE:AL), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Air Lease had 40 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Air Lease Corporation (NYSE:AL) has “Outperform” rating given on Monday, December 28 by Credit Suisse. The firm has “Buy” rating given on Monday, January 8 by RBC Capital Markets. The firm earned “Equal-Weight” rating on Thursday, April 6 by Morgan Stanley. The stock of Air Lease Corporation (NYSE:AL) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 13. The stock has “Top Pick” rating by RBC Capital Markets on Friday, May 6. The stock has “Buy” rating by Cowen & Co on Tuesday, September 5. FBR Capital maintained Air Lease Corporation (NYSE:AL) on Tuesday, November 22 with “Outperform” rating. The firm earned “Neutral” rating on Thursday, October 19 by Bank of America. The rating was downgraded by Bank of America on Wednesday, August 9 to “Hold”. As per Monday, July 10, the company rating was maintained by Cowen & Co.

Denali Advisors Llc, which manages about $357.49M and $604.52M US Long portfolio, decreased its stake in Corning Inc. (NYSE:GLW) by 16,400 shares to 243,600 shares, valued at $7.29M in 2017Q3, according to the filing. It also reduced its holding in Vornado Realty Trust (NYSE:VNO) by 23,000 shares in the quarter, leaving it with 2,700 shares, and cut its stake in Valero Energy Corp. (NYSE:VLO).

Since August 23, 2017, it had 0 insider buys, and 6 selling transactions for $3.34 million activity. $300,346 worth of Air Lease Corporation (NYSE:AL) was sold by Baer Marc H on Wednesday, August 23. Korde Kishore also sold $89,980 worth of Air Lease Corporation (NYSE:AL) on Friday, December 15. The insider Khatibi Alex A sold 11,000 shares worth $440,000.

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.01, from 1.15 in 2017Q2. It is positive, as 21 investors sold AL shares while 74 reduced holdings. 33 funds opened positions while 77 raised stakes. 90.80 million shares or 0.12% more from 90.69 million shares in 2017Q2 were reported. Bar Harbor Tru reported 3.18% of its portfolio in Air Lease Corporation (NYSE:AL). 1,438 are owned by Jpmorgan Chase &. Highland Capital Mngmt Ltd has 0.03% invested in Air Lease Corporation (NYSE:AL). Oz Management Ltd Partnership invested in 0.04% or 190,650 shares. Swiss Comml Bank holds 0.01% or 163,000 shares. Jacobs Levy Equity owns 51,220 shares. New York-based Jefferies Group Inc has invested 0% in Air Lease Corporation (NYSE:AL). Verition Fund Mgmt Limited Liability accumulated 13,092 shares. 997,973 were reported by Lord Abbett Commerce Ltd Llc. 8,565 were reported by Efg Asset (Americas) Corporation. Bluemountain Mgmt Lc holds 43,096 shares or 0.04% of its portfolio. Tiedemann Wealth Mngmt Limited Liability, a New York-based fund reported 11,400 shares. Buffington Mohr Mcneal owns 118,590 shares. 1,700 were reported by Credit Agricole S A. Aperio Gp Limited Liability has invested 0.02% in Air Lease Corporation (NYSE:AL).

Linscomb & Williams Inc, which manages about $2.25B and $1.16B US Long portfolio, decreased its stake in Sterling Construction Co Inc (NASDAQ:STRL) by 49,175 shares to 116,991 shares, valued at $1.78 million in 2017Q3, according to the filing. It also reduced its holding in Baxter Intl Inc (NYSE:BAX) by 24,874 shares in the quarter, leaving it with 18,200 shares, and cut its stake in Ishares Tr Msci Eafe Etf (EFA).

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Peer Perform” rating on Friday, October 23 by Wolfe Research. On Tuesday, November 28 the stock rating was maintained by Wells Fargo with “Buy”. The firm earned “Top Pick” rating on Friday, January 29 by RBC Capital Markets. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Monday, January 8 by Stifel Nicolaus. The firm has “Buy” rating by Cowen & Co given on Tuesday, April 11. Deutsche Bank maintained Raytheon Company (NYSE:RTN) rating on Friday, October 28. Deutsche Bank has “Hold” rating and $145 target. As per Friday, April 29, the company rating was maintained by RBC Capital Markets. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 10 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, November 30. RBC Capital Markets maintained the shares of RTN in report on Wednesday, September 2 with “Buy” rating.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.09, from 1.12 in 2017Q2. It is positive, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Polaris Greystone Fincl Gp Lc reported 122,558 shares stake. Strs Ohio invested 0.18% of its portfolio in Raytheon Company (NYSE:RTN). Cornerstone has 0.06% invested in Raytheon Company (NYSE:RTN). Tiedemann Wealth Management Limited Liability holds 0.11% or 6,179 shares in its portfolio. Greenleaf Tru accumulated 160 shares. Bath Savings Trust Comm holds 0.12% or 2,385 shares in its portfolio. Rothschild Asset owns 133,814 shares. Atlas Browninc invested in 7,402 shares. Moreover, Mitchell Sinkler & Starr Pa has 1.46% invested in Raytheon Company (NYSE:RTN) for 5,000 shares. Sii Invs Inc Wi accumulated 0.47% or 44,450 shares. Harvey Capital holds 30,585 shares. Centre Asset Mgmt Ltd Liability Com reported 2.26% of its portfolio in Raytheon Company (NYSE:RTN). The Ontario – Canada-based Breton Hill Limited has invested 0.2% in Raytheon Company (NYSE:RTN). Moreover, Redwood Investments Lc has 0.15% invested in Raytheon Company (NYSE:RTN) for 7,227 shares. The Delaware-based Lau Assoc Ltd Liability Company has invested 0.16% in Raytheon Company (NYSE:RTN).

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