Is Aircastle Limited (AYR) A Good Stock To Buy?

Seeing as Aircastle Limited (NYSE:AYR) has gone through falling interest from the entirety of the hedge funds we track, it’s easy to see that there is a sect of hedge funds who sold off their entire stakes last quarter. Interestingly, Neil Chriss’s Hutchin Hill Capital cut the biggest investment of all the investors watched by Insider Monkey, valued at about $1 million in stock. Michael Platt and William Reeves’s fund, BlueCrest Capital Mgmt., also cut its stock, about $0.6 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to Aircastle Limited (NYSE:AYR). These stocks are FCB Financial Holdings Inc (NYSE:FCB), American Equity Investment Life Holding (NYSE:AEL), Envestnet Inc (NYSE:ENV), and Alliance Holdings GP, L.P. (NASDAQ:AHGP). This group of stocks’ market values match AYR’s market value.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $62 million. That figure was $110 million in AYR’s case. FCB Financial Holdings Inc (NYSE:FCB) is the most popular stock in this table. On the other hand Alliance Holdings GP, L.P. (NASDAQ:AHGP) is the least popular one with only 4 bullish hedge fund positions. Aircastle Limited (NYSE:AYR) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FCB might be a better candidate to consider taking a long position in.

Disclosure: none.