Fir Tree Increases Holding in Jones Energy (JONE); Aperio Group Holding in Air Lease Cl A (AL) Has Raised as Share Value Declined

May 18, 2018 - By Hazel Jackson

Air Lease Corporation (NYSE:AL) Logo

Aperio Group Llc increased its stake in Air Lease Corp Cl A (AL) by 54.14% based on its latest 2017Q4 regulatory filing with the SEC. Aperio Group Llc bought 39,435 shares as the company’s stock declined 12.42% with the market. The institutional investor held 112,272 shares of the diversified commercial services company at the end of 2017Q4, valued at $5.40M, up from 72,837 at the end of the previous reported quarter. Aperio Group Llc who had been investing in Air Lease Corp Cl A for a number of months, seems to be bullish on the $4.63B market cap company. The stock decreased 0.47% or $0.21 during the last trading session, reaching $44.5. About 819,102 shares traded or 16.39% up from the average. Air Lease Corporation (NYSE:AL) has risen 11.24% since May 18, 2017 and is uptrending. It has underperformed by 0.31% the S&P500.

Jeffrey Tannenbaum increased its stake in Jones Energy Inc (JONE) by 23.26% based on its latest 2017Q4 regulatory filing with the SEC. Fir Tree Inc bought 1.16 million shares as the company’s stock declined 6.11% with the market. The hedge fund run by Jeffrey Tannenbaum held 6.14M shares of the energy company at the end of 2017Q4, valued at $6.76M, up from 4.98M at the end of the previous reported quarter. Fir Tree Inc who had been investing in Jones Energy Inc for a number of months, seems to be bullish on the $71.97M market cap company. The stock decreased 4.11% or $0.03 during the last trading session, reaching $0.7. About 1.88 million shares traded or 98.63% up from the average. Jones Energy, Inc. (NYSE:JONE) has declined 62.44% since May 18, 2017 and is downtrending. It has underperformed by 73.99% the S&P500.

Fir Tree Inc, which manages about $18.45 billion and $3.71B US Long portfolio, decreased its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 100,000 shares to 2.16 million shares, valued at $253.15 million in 2017Q4, according to the filing. It also reduced its holding in Equinix Inc (NASDAQ:EQIX) by 27,810 shares in the quarter, leaving it with 357,836 shares, and cut its stake in Sm Energy Co (NYSE:SM).

Among 14 analysts covering Jones Energy Inc (NYSE:JONE), 5 have Buy rating, 3 Sell and 6 Hold. Therefore 36% are positive. Jones Energy Inc had 35 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan downgraded Jones Energy, Inc. (NYSE:JONE) on Thursday, July 20 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, January 2 by SunTrust. J.P. Morgan downgraded Jones Energy, Inc. (NYSE:JONE) on Thursday, July 20 to “Hold” rating. As per Tuesday, May 24, the company rating was upgraded by Iberia Capital Partners. The stock of Jones Energy, Inc. (NYSE:JONE) has “Buy” rating given on Tuesday, January 17 by SunTrust. The rating was upgraded by Suntrust Robinson on Tuesday, January 17 to “Buy”. On Thursday, November 9 the stock rating was maintained by Noble Financial with “Hold”. The firm has “Underweight” rating by Barclays Capital given on Friday, August 26. The rating was downgraded by Iberia Capital Partners on Friday, February 12 to “Sector Perform”. On Friday, December 15 the stock rating was downgraded by J.P. Morgan to “Sell”.

Another recent and important Jones Energy, Inc. (NYSE:JONE) news was published by Globenewswire.com which published an article titled: “Jones Energy, Inc. Forgoes Convertible Preferred Stock Dividend” on May 14, 2018.

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.30, from 1.11 in 2017Q3. It is positive, as 17 investors sold JONE shares while 12 reduced holdings. 13 funds opened positions while 28 raised stakes. 58.00 million shares or 2.73% more from 56.45 million shares in 2017Q3 were reported. Avalon Lc reported 20,002 shares stake. Vanguard Group Inc stated it has 3.52M shares or 0% of all its holdings. Moreover, Stifel Fin has 0% invested in Jones Energy, Inc. (NYSE:JONE) for 11,700 shares. Voya Inv Ltd Liability Corporation owns 0% invested in Jones Energy, Inc. (NYSE:JONE) for 33,571 shares. Cambrian Capital Partnership owns 649,200 shares. Bnp Paribas Arbitrage invested in 0% or 19,623 shares. Comml Bank Of Montreal Can has invested 0% in Jones Energy, Inc. (NYSE:JONE). Country Club Co Na holds 0.07% or 440,000 shares. Wells Fargo And Mn reported 1.44 million shares stake. Ameritas Investment Prtn owns 4,821 shares. Rhumbline Advisers holds 43,141 shares or 0% of its portfolio. Manufacturers Life The owns 9,945 shares for 0% of their portfolio. Citigroup holds 0% or 10,655 shares in its portfolio. Ny State Common Retirement Fund reported 59,590 shares or 0% of all its holdings. Parametric Port Associates Lc accumulated 27,244 shares or 0% of the stock.

More notable recent Air Lease Corporation (NYSE:AL) news were published by: Globenewswire.com which released: “Air Lease Corporation Announces Delivery of Boeing 737 MAX 8 Aircraft with Travel Service” on May 17, 2018, also Seekingalpha.com with their article: “Why Air Lease’s In-Demand Product Is Likely To Boost Earnings” published on May 01, 2018, Globenewswire.com published: “Air Lease Corporation Names Daniel Verwholt as Treasurer” on May 02, 2018. More interesting news about Air Lease Corporation (NYSE:AL) were released by: Globenewswire.com and their article: “Air Lease Corporation Increases Unsecured Revolving Credit Facility to $4.5 Billion” published on May 03, 2018 as well as Globenewswire.com‘s news article titled: “Recent Analysis Shows American Vanguard, Magellan Midstream Partners, Diamondback Energy, Vericel, Air Lease …” with publication date: April 25, 2018.

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.07, from 1.16 in 2017Q3. It worsened, as 22 investors sold AL shares while 80 reduced holdings. 43 funds opened positions while 68 raised stakes. 89.49 million shares or 1.44% less from 90.80 million shares in 2017Q3 were reported. Employees Retirement Association Of Colorado accumulated 9,977 shares. Aurora Investment Counsel has 42,012 shares. Ngam Advsr Lp reported 17,703 shares stake. Vontobel Asset Incorporated reported 873,116 shares. Washington-based Parametric Port Llc has invested 0.01% in Air Lease Corporation (NYSE:AL). Ingalls & Snyder Lc holds 0.17% or 75,121 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt holds 37,883 shares or 0.02% of its portfolio. Schwab Charles Investment Management Inc stated it has 422,996 shares or 0.02% of all its holdings. Peak6 Invests LP reported 1,237 shares stake. Artisan Prtnrs Lp holds 8.42 million shares or 0.77% of its portfolio. Quantum Cap Management invested in 2.86% or 248,214 shares. Mountain Pacific Inv Advisers Id reported 47,200 shares or 0.24% of all its holdings. 334,877 were reported by Tiaa Cref Investment Mngmt Limited Liability. Regions Finance Corporation holds 3,903 shares. Raymond James Fincl Svcs Advsrs stated it has 0% of its portfolio in Air Lease Corporation (NYSE:AL).

Aperio Group Llc, which manages about $7.06B and $19.37B US Long portfolio, decreased its stake in Enbridge Inc Com (NYSE:ENB) by 24,935 shares to 577,618 shares, valued at $22.59 million in 2017Q4, according to the filing. It also reduced its holding in Companhia Paranaense (NYSE:ELP) by 165,977 shares in the quarter, leaving it with 502,659 shares, and cut its stake in Pldt Inc Sponsored.

Since December 13, 2017, it had 0 buys, and 11 insider sales for $8.74 million activity. $195,229 worth of stock was sold by Chen Jie on Thursday, February 1. Korde Kishore had sold 2,000 shares worth $89,980. Baer Marc H sold 3,000 shares worth $132,870. Shares for $440,050 were sold by Levy Grant A.

Among 13 analysts covering Air Lease (NYSE:AL), 10 have Buy rating, 1 Sell and 2 Hold. Therefore 77% are positive. Air Lease had 47 analyst reports since August 7, 2015 according to SRatingsIntel. On Monday, November 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, April 6. On Friday, November 10 the stock rating was maintained by UBS with “Sell”. Deutsche Bank maintained Air Lease Corporation (NYSE:AL) on Friday, August 7 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Friday, November 10. FBR Capital maintained the shares of AL in report on Friday, February 24 with “Outperform” rating. The stock of Air Lease Corporation (NYSE:AL) has “Buy” rating given on Monday, July 10 by Cowen & Co. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 17. FBR Capital maintained the shares of AL in report on Friday, May 5 with “Outperform” rating. RBC Capital Markets maintained Air Lease Corporation (NYSE:AL) rating on Thursday, September 21. RBC Capital Markets has “Buy” rating and $79.0 target.

Jones Energy, Inc. (NYSE:JONE) Institutional Positions Chart

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