Charles Davidson increased its stake in Aercap Holdings Nv (AER) by 13.45% based on its latest 2016Q3 regulatory filing with the SEC. Wexford Capital Lp bought 97,758 shares as the company’s stock rose 13.64% with the market. The hedge fund run by Charles Davidson held 824,574 shares of the diversified commercial services company at the end of 2016Q3, valued at $31.74 million, up from 726,816 at the end of the previous reported quarter. Wexford Capital Lp who had been investing in Aercap Holdings Nv for a number of months, seems to be bullish on the $8.81B market cap company. The stock is up 0.25% or $0.11 after the positive news, hitting $43.6 per share. About 871,995 shares traded hands. AerCap Holdings N.V. (NYSE:AER) has risen 8.73% since June 7, 2016 and is uptrending. It has outperformed by 1.30% the S&P500.
Wexford Capital Lp, which manages about $6.34 billion and $612.99 million US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 27,370 shares to 11,499 shares, valued at $1.48M in 2016Q3, according to the filing. It also reduced its holding in Parsley Energy Inc (NYSE:PE) by 514,219 shares in the quarter, leaving it with 235,461 shares, and cut its stake in Energy Transfer Equity LP (NYSE:ETE).
In 1994, Charles Davidson was the co-founder of Wexford Capital, an asset management firm, and currently supervises the strategic vision of the fund. He serves also for the funds’ Wexford Catalyst and Wexford Spectrum as portfolio manager. Davidson obtained a degree from UCLA (the University of California, Los Angeles), and obtained his M.B.A from the establishment. Wexford runs a few hedge private equity and hedge fund portfolio. The fund runs three hedge fund which uses different opportunities of investment: Wexford Credit Opportunities Fund (Different strategies and credit investment), Wexford Spectrum Fund (opportunity and global strategies), and Wexford Catalyst Fund (Industrials and energy) Wexford Capital Lp is a Connecticut-based hedge fund that was founded by Charles Davidson. It had more than $6.34 billion assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Wexford Capital latest Adv, the fund reported to have 68 full and part-time employees. Among which 36 performing investment advisory and research functions. The hedge fund had between 11-25 clients.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q3. Its down 0.26, from 1.21 in 2016Q2. The ratio is negative, as 37 funds sold all AER shares owned while 94 reduced positions. 37 funds bought stakes while 87 increased positions. They now own 155.09 million shares or 2.74% less from 159.47 million shares in 2016Q2. Cna Fin Corporation holds 0.41% of its portfolio in AerCap Holdings N.V. (NYSE:AER) for 46,100 shares. Intrust National Bank Na holds 25,763 shares or 0.4% of its portfolio. Ejf Lc accumulated 0.08% or 25,000 shares. Jacobs Asset Mngmt Ltd Co owns 723,171 shares or 7.37% of their US portfolio. Blackrock Fund Advisors holds 0.01% of its portfolio in AerCap Holdings N.V. (NYSE:AER) for 1.51 million shares. Apg Asset Mgmt Nv accumulated 582,470 shares or 0.04% of the stock. Clarivest Asset Mgmt Ltd Llc has 0.01% invested in the company for 10,700 shares. Cibc Asset has invested 0% of its portfolio in AerCap Holdings N.V. (NYSE:AER). Janus Mgmt Ltd accumulated 17,900 shares or 0% of the stock. State Board Of Administration Of Florida Retirement accumulated 5,728 shares or 0% of the stock. Bb&T has invested 0.05% of its portfolio in AerCap Holdings N.V. (NYSE:AER). The British Columbia – Canada-based Connor Clark & Lunn Inv Management has invested 0.04% in AerCap Holdings N.V. (NYSE:AER). Boston Prtn reported 102,225 shares or 0.01% of all its holdings. Suntrust Banks holds 0.01% or 25,578 shares in its portfolio. Regentatlantic Capital Lc accumulated 0.05% or 12,140 shares.
Insider Transactions: Since September 6, 2016, the stock had 0 buys, and 3 selling transactions for $4.44 million net activity. Another trade for 1,091 shares valued at $48,626 was made by Gradon Michael on Monday, November 21. $4.37 million worth of shares were sold by Kelly Aengus on Monday, December 12.
More recent AerCap Holdings N.V. (NYSE:AER) news were published by: Moodys.com which released: “Moody’s upgrades AerCap Holdings N.V. to Ba1, stable outlook” on April 29, 2016. Also Equitiesfocus.com published the news titled: “Aercap Holdings N.V. (NYSE:AER) 50-day MA At $43.29” on January 09, 2017. Businesswire.com‘s news article titled: “Fitch Upgrades AerCap Holdings N.V. to ‘BBB-‘; Outlook Stable” with publication date: July 26, 2016 was also an interesting one.
According to Zacks Investment Research, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations.”
AerCap Holdings N.V. (NYSE:AER) Ratings Coverage
Out of 12 analysts covering AerCap Holdings (NYSE:AER), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. AerCap Holdings has been the topic of 22 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by FBR Capital given on Tuesday, November 15. FBR Capital maintained AerCap Holdings N.V. (NYSE:AER) on Wednesday, November 9 with “Mkt Perform” rating. Barclays Capital maintained it with “Equal-Weight” rating and $54 target price in Monday, March 14 report. DA Davidson initiated it with “Buy” rating and $59 target price in Friday, August 21 report. The firm has “Outperform” rating by Cowen & Co given on Friday, May 13. On Monday, September 21 the stock rating was upgraded by Bank of America to “Buy”. As per Wednesday, November 11, the company rating was maintained by RBC Capital Markets. FBR Capital maintained the stock with “Outperform” rating in Wednesday, February 24 report. The rating was maintained by Macquarie Research with “Outperform” on Wednesday, August 12. As per Tuesday, October 13, the company rating was reinitiated by FBR Capital.
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