Today, the EVP, Marketing of Air Lease, Kishore Korde, exercised options of Air Lease (NYSE: AL) for $580K.
Following this transaction Kishore Korde’s holding in the company was increased by 33.75% to a total of $5.17 million.
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Based on Air Lease’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $381 million and quarterly net profit of $111 million. In comparison, last year the company earned revenue of $360 million and had a net profit of $84.94 million. AL’s market cap is $4.67B and the company has a P/E ratio of 6.39. Currently, Air Lease has an average volume of 437K.
13 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock.
The insider sentiment on Air Lease has been negative according to 86 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity.
