Here is What Hedge Funds Think About Aircastle Limited (AYR)

Page 1 of 2

Is Aircastle Limited (NYSE:AYR) undervalued? The smart money is taking a bullish view. The number of long hedge fund positions inched up by 2 recently.

Aircastle Limited (NYSE:AYR)If you’d ask most market participants, hedge funds are perceived as underperforming, old financial vehicles of the past. While there are over 8000 funds in operation at present, we choose to focus on the crème de la crème of this club, close to 450 funds. It is widely believed that this group oversees the majority of the smart money’s total capital, and by watching their highest performing picks, we have unearthed a number of investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Equally as important, positive insider trading activity is a second way to break down the investments you’re interested in. Obviously, there are plenty of reasons for a bullish insider to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of academic studies have demonstrated the impressive potential of this method if investors understand where to look (learn more here).

Consequently, let’s take a glance at the key action encompassing Aircastle Limited (NYSE:AYR).

How are hedge funds trading Aircastle Limited (NYSE:AYR)?

At the end of the first quarter, a total of 18 of the hedge funds we track were long in this stock, a change of 13% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes considerably.

Of the funds we track, David Dreman’s Dreman Value Management had the most valuable position in Aircastle Limited (NYSE:AYR), worth close to $30.6 million, comprising 0.8% of its total 13F portfolio. Sitting at the No. 2 spot is Goodnow Investment Group, managed by Edward Goodnow, which held a $27.1 million position; the fund has 5.8% of its 13F portfolio invested in the stock. Other peers with similar optimism include Debra Fine’s Fine Capital Partners, Cliff Asness’s AQR Capital Management and Zac Hirzel’s Hirzel Capital Management.

With a general bullishness amongst the heavyweights, specific money managers have jumped into Aircastle Limited (NYSE:AYR) headfirst. AQR Capital Management, managed by Cliff Asness, created the most valuable position in Aircastle Limited (NYSE:AYR). AQR Capital Management had 19 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $0.3 million position during the quarter. The only other fund with a new position in the stock is Ken Gray and Steve Walsh’s Bryn Mawr Capital.

What have insiders been doing with Aircastle Limited (NYSE:AYR)?

Bullish insider trading is particularly usable when the company in focus has seen transactions within the past half-year. Over the last half-year time period, Aircastle Limited (NYSE:AYR) has experienced 1 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Aircastle Limited (NYSE:AYR). These stocks are Fly Leasing Ltd(ADR) (NYSE:FLY), seacube container leasing ltd (NYSE:BOX), TAL International Group, Inc. (NYSE:TAL), CAI International Inc (NYSE:CAP), and McGrath RentCorp (NASDAQ:MGRC). All of these stocks are in the rental & leasing services industry and their market caps are similar to AYR’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!