Moon Capital Management LLC Has $4.10 Million Position in AerCap Holdings (AER)

Moon Capital Management LLC increased its stake in AerCap Holdings (NYSE:AER) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,715 shares of the financial services provider’s stock after buying an additional 5,691 shares during the quarter. AerCap comprises approximately 4.4% of Moon Capital Management LLC’s holdings, making the stock its 6th largest holding. Moon Capital Management LLC’s holdings in AerCap were worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AER. Schwab Charles Investment Management Inc. lifted its position in AerCap by 5.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 68,122 shares of the financial services provider’s stock worth $3,584,000 after buying an additional 3,608 shares during the last quarter. AXA lifted its position in shares of AerCap by 96.0% during the fourth quarter. AXA now owns 17,420 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 8,531 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of AerCap during the fourth quarter worth $31,769,000. MML Investors Services LLC lifted its position in shares of AerCap by 43.8% during the fourth quarter. MML Investors Services LLC now owns 8,142 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AerCap by 91.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 94,199 shares of the financial services provider’s stock worth $4,956,000 after purchasing an additional 44,878 shares during the last quarter. Institutional investors own 83.59% of the company’s stock.

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Several analysts have recently weighed in on AER shares. Zacks Investment Research upgraded AerCap from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Monday, May 28th. Morgan Stanley lifted their target price on AerCap from $49.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, April 12th. Cowen reiterated an “outperform” rating and set a $60.00 target price (up from $58.00) on shares of AerCap in a research report on Friday, May 4th. ValuEngine downgraded AerCap from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Deutsche Bank lifted their target price on AerCap from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. AerCap currently has a consensus rating of “Buy” and an average target price of $61.44.

Shares of AerCap stock traded up $0.61 during trading on Monday, hitting $55.20. 77,861 shares of the stock traded hands, compared to its average volume of 875,255. The firm has a market cap of $8.63 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.71 and a beta of 1.82. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.34. AerCap Holdings has a 52-week low of $46.53 and a 52-week high of $56.26.

AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. AerCap had a return on equity of 12.54% and a net margin of 21.52%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share. analysts forecast that AerCap Holdings will post 6.42 earnings per share for the current year.

AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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Movers & Shakers: Volumes of Indoco Remedies & Thermax rose up to 19,000% in last 5 days

Moneycontrol News

The market is trading on a positive note this Tuesday afternoon with the Nifty up 94 points at 10,947 and the Sensex�gaining 333 points at 35,268.

Market breadth was strong with�1202 stocks advancing on the NSE,�520 declining, and 341 staying unchanged. On the other hand, in the BSE, 1665 stocks advanced and�972 declined and 139 were unchanged.

TCI Finance�has gained�30.54 percent�followed by�ITI�which gained 21.57 percent. These are�followed by�Banaras Beads�which added 21.49 percent while�Maan Aluminium�gained 20.96 percent.�Meghmani Organics�was up 18.77 percent.

Mentioned below are stocks that witnessed a surge in trading volumes on Tuesday compared to their 5-day average.

Indoco Remedies was trading with volumes of 626,938 shares, compared to its five day average of 3,213 shares, an increase of 19,410.11 percent. Thermax was trading with volumes of 256,678 shares, compared to its five day average of 1,398 shares, an increase of 18,265.63 percent.

Bhageria Industries was trading with volumes of 653,265 shares, compared to its five day average of 3,808 shares, an increase of 17,053.27 percent.

Somany Ceramics was trading with volumes of 178,315 shares, compared to its five day average of 2,019 shares, an increase of 8,731.85 percent.

Ashoka Buildcon was trading with volumes of 474,976 shares, compared to its five day average of 7,077 shares, an increase of 6,611.17 percent. First Published on Jul 10, 2018 03:35 pm

New Residential Investment Corp (NRZ) Receives $18.87 Average Target Price from Brokerages

Shares of New Residential Investment Corp (NYSE:NRZ) have been given an average recommendation of “Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.87.

Several equities research analysts recently commented on NRZ shares. Vetr raised shares of New Residential Investment from a “buy” rating to a “strong-buy” rating and set a $18.86 price objective on the stock in a research note on Friday, March 23rd. Zacks Investment Research raised shares of New Residential Investment from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Friday, May 4th. Finally, ValuEngine lowered shares of New Residential Investment from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd.

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NYSE:NRZ traded up $0.15 during mid-day trading on Tuesday, hitting $18.19. 25,997 shares of the company’s stock were exchanged, compared to its average volume of 2,898,602. New Residential Investment has a one year low of $15.04 and a one year high of $18.74. The firm has a market capitalization of $6.06 billion, a P/E ratio of 6.43 and a beta of 0.90.

New Residential Investment (NYSE:NRZ) last posted its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. New Residential Investment had a net margin of 89.43% and a return on equity of 18.15%. The business had revenue of $259.19 million for the quarter, compared to analyst estimates of $185.89 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. analysts anticipate that New Residential Investment will post 2.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Monday, July 2nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 29th. This represents a $2.00 annualized dividend and a yield of 11.00%. New Residential Investment’s dividend payout ratio (DPR) is presently 70.67%.

In other New Residential Investment news, CEO Michael Nierenberg sold 339,177 shares of New Residential Investment stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $18.30, for a total value of $6,206,939.10. Following the completion of the transaction, the chief executive officer now directly owns 2,085,352 shares of the company’s stock, valued at $38,161,941.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. American International Group Inc. purchased a new position in New Residential Investment in the fourth quarter worth about $115,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in New Residential Investment in the first quarter worth about $106,000. Glassman Wealth Services purchased a new position in New Residential Investment in the first quarter worth about $111,000. Bronfman E.L. Rothschild L.P. purchased a new position in New Residential Investment in the first quarter worth about $158,000. Finally, Ostrum Asset Management purchased a new position in New Residential Investment in the first quarter worth about $170,000. 53.27% of the stock is owned by institutional investors and hedge funds.

New Residential Investment Company Profile

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.