The EC of Air Lease (NYSE: AL) is Selling Shares

Yesterday, the EC of Air Lease (ALResearch Report), Steven Udvar-Hazy, sold shares of AL for $19.7M.

Following Steven Udvar-Hazy’s last AL Sell transaction on December 14, 2018, the stock climbed by 4.9%. This is Udvar-Hazy’s first Sell trade following 5 Buy transactions.

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Based on Air Lease’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $471 million and quarterly net profit of $128 million. In comparison, last year the company earned revenue of $398 million and had a net profit of $115 million. The company has a one-year high of $47.34 and a one-year low of $28.13. Currently, Air Lease has an average volume of 895.67K.

The insider sentiment on Air Lease has been negative according to 62 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.