AerCap Holdings NV $ 25.81 2.72 (11.78%)
AerCap Holdings NV News and Headlines -
Often called the “father of the hedge fund,” Julian Robertson (Trades, Portfolio) founded Tiger Management in 1980, turning an initial $8 million into over $22 billion by the late 1990s. After losing 4% in 1998 and 19% in 1999 as rivals rode the dot-com bubble to its peak, he shut down the fund in 2000, and Tiger Management now only manages money from internal sources (mainly Robertson’s personal wealth). Robertson’s long-short strategy
According to the GuruFocus All-In-One Screener, a Premium feature, the following companies were trading with low price-sales ratios as of March 23.
AerCap Holdings (AER) was trading around $18.51 per share with a price-sales ratio of 0.54 and a price-earnings ratio of 2.19.
The company, which leases aircrafts, has a market cap of $2.44 billion. The stock has risen at an annualized rate of 5.28% over the past decade.
The discounted cash flow calculator gives the company a fair value of $240, suggesting it is undervalued with a 92% margin
Greenlight Capital's David Einhorn (Trades, Portfolio) is a true value investor who buys companies at low earnings multiples and shorts overvalued ones like Tesla (TSLA) and Netflix (NFLX). Einhorn generated about 13.8% in a nearly 30% year for the S&P 500. However, he did so with a net long exposure in the 60% range. You can find his fourth-quarter 2019 letter here.
His five biggest longs are:
- AerCap (AER)
- Brighthouse Financial (BHF)
- Green Brick Partners (GBP)
- General Motors (GM)
- Gold (GLD)
Even though Einhorn's performance has been really bad the last several years, I remain a devoted follower and love to read his letters to see what he thinks about the firm's positions. Greenlight posted an 11% return for the quarter, lagging the S&P by 2.6%. That's not great, but the firm is 112% long and 70% short, meaning its net exposure is only about half that of the S&P 500.
AerCap Holdings (AER), Brighthouse Financial (BHF), Deutsche Pfandbriefbank (PBB), General Motors (GM) and
Using a deep-value, bottom-up approach, the guru’s firm typically invests in out of favor stocks that are trading at a discount to tangible book value. The portfolio managers look for companies that are in the bottom docile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.
According to GuruFocus Real-Time Picks, a Premium feature, Smith invested in 3.01 million shares of
Favoring unpopular companies trading at a discount to tangible book value, the guru’s New York-based firm picks stocks using a deep-value, bottom-up approach. It looks for companies that are in the bottom docile of price-tangible book ratios and have a positive earnings outlook for the next two to four years.
According to GuruFocus Real-Time Picks, a Premium feature, Smith slashed his Photronics stake by 34.87%, selling
The final figures for David Einhorn (Trades, Portfolio)'s Greenlight Capital performance in 2018 are out, and they are not good. The hedge fund lost a total of 34.2% net of all fees and expenses for the year, underperforming the S&P 500 by 29.8%.
This performance would have ruined any normal investor, but Einhorn is not normal. He has one of the best performance records on Wall Street, which has undoubtedly saved his reputation.
As Greenlight's year-end 2018 letter to investors notes, since its inception in May 1996, the firm has produced a cumulative return for its investors
David Einhorn (Trades, Portfolio)’s investments at his reinsurance business, Greenlight Re, tumbled another 2.6% in November, placing losses at 23.4% for the year. Meanwhile, the S&P 500 rose 0.78% for the month and 1.32% for the year.
Einhorn manages the fund through his DME Advisors, and he has seen similar losses at his investment firm Greenlight Capital, where media has reported a loss of almost a third for the first 11 months of the year. The investor tends to buy stocks he believes are undervalued and waits for the price to rise. He has also shorted
The airline industry has been crushing it on the earnings front for years now, but investors remain dubious about the future, as witnessed by the consistently low price multiples placed on the majors. Ancillary air transport services have benefited greatly and two companies stand out most in terms of value - Air Transport Service Group Inc. (ATSG) and AerCap Holdings NV (AER).
Air Transport Services Group
Air Transport leases aircraft and provides airfreight and logistic services. The company's wholistic offerings encompass aircraft, crew, maintenance and insurance, where it generates the majority of revenue, as well
The following six stocks have low price-earnings ratios and have been bought by gurus. While some of them are great investments, others need to be checked again, according to the discounted cash flow calculator.
With a market cap of $3.09 billion, Trinseo SA (TSE) is trading with a price-earnings ratio of 9.67, a price-sales ratio of 0.72 and a forward price-earnings ratio of 7.74. According to the DCF calculator, the stock has a fair value of $79.3 while trading at $71.65. The stock price is stable when compared to 12 months ago and is currently 16.05% below its 52-week
Mohnish Pabrai (Trades, Portfolio), managing partner of Pabrai Investment Funds, disclosed on Monday that he divested three positions during the first quarter: Alphabet Inc. (GOOGL)(GOOG), AerCap Holdings NV (AER) and Southwest Airlines Co. (LUV). These trades leave Pabrai with just two stock positions: Fiat Chrysler Automobiles NV (FCAU) and Ferrari NV (RACE).
Pabrai sold 45,828 shares of Alphabet, the parent company of Google, for an average price of $1,103.99 per share. With this transaction, the guru pared 12.43% of his portfolio.
Alphabet said on April 23 that
David Berkowitz of Riverpark is a fundamental value investor looking for attractive compound returns over multi-year holding periods. His first quarter 2018 letter just came out and discussed a few interesting holdings. The top 10 positions clearly reflect a valuation-based approach with a number of names that are also held by other gurus, like Carmax (CMX), Aercap Holdings NV (AER), Western Digital (WD) and Liberty Global (LBTYA), for example.
These are two interesting picks Berkowitz extensively discussed in his latest letter:
Carmax (KMX) is in the business of selling used cars. It is famously
As a result, I reviewed Einhorn's top three holdings.
One of the positions that really hurt Einhorn was General Motors (GM), which underperformed the market by around 6%, but recently bounced back.
GM’s fundamentals appear favorable as employment is strong, tax cuts are helping customers, used car values are performing well versus expectations and industry scrappage
The guru reduced his General Motors Co. (GM) stake by 25.17%, impacting the portfolio by -5.6%.
The American automaker has a market cap of $53.02 billion and an enterprise value of $124.61 million.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. Its return on equity (ROE) of -9.13% and return on assets (ROA) of -1.70% are underperforming 91% of companies in the Global Auto Manufacturers
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Mohnish+Pabrai]Mohnish Pabrai[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Mohnish+Pabrai]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Mohnish+Pabrai]Portfolio[/url]), managing partner of Dalal Street LLC, which operates as Pabrai Investment Funds, reported Wednesday that he chopped positions in two out of just five of his holdings.
Pabrai’s Dalal Street counted $617.8 million in assets under management as of Jan. 2016 after starting the funds in 1999 with $1 million. The funds invest in both U.S. and non-U.S. securities, and three of his portfolio’s holdings are based in Italy, Ireland and the U.K. Fiat Chrysler Automobiles (FCAU), a U.K.-based car company, dominates at 60.6% of the portfolio.
In the fourth quarter, he snipped positions in AerCap
“Don’t confuse a bull market with brains.” Leon Cooperman
After a distinguished career at Goldman Sachs (GS), Leon Cooperman (Trades, Portfolio) launched his own hedge fund, Omega Advisors. As he ends his long financial career, he lives with an accusation of insider trading, an accusation he vigorously denies and subsequently settled.
Between those bookends, he had a solid career as a hedge fund operator because of his ability to use value strategies effectively.
Who is Cooperman?
Born to Polish immigrants in New York City, Cooperman was a Xerox quality control
Richard Perry (Trades, Portfolio), a renowned hedge fund investor for many years, announced last September he was returning his clients' money. It seems he has now pulled back to the point of running a strictly family-type fund.
That’s not all. Sources report he would also like to exit his majority ownership of the iconic Barneys New York retail chain.
Mhat are we to make of his portfolio of one stock and a load of put options?
Who is Perry?
Richard Caynes Perry began life in Chicago in 1955, and moved to New York City
After a nearly decade-long bull market, Pabrai is struggling to find value in the U.S. according to his letters to investors, which is reflected in his portfolio.
According to Pabrai Funds’ lasted 13F filing with the SEC, the guru only owned two U.S. stocks at the end of the third quarter, Southwest Airlines Co. (LUV) and Alphabet Inc. (GOOG). The other holdings listed were Ferrari NV (RACE), Fiat Chrysler Automobiles NV (FCAU) and AerCap Holdings
I have been writing on the aircraft leasing sector for the last few years, and the sector has not disappointed in terms of growth and returns. Among a few players in the industry, my favorite stock pick has been Air Lease (AL), but I have also covered stocks like Aircastle (AYR) and AerCap Holdings (AER) whenever I have seen good buying opportunities in these stocks.
This article will revisit Aircastle, and as the discussion proceeds, it will be clear that it’s an interesting time to consider exposure to the stock.
Aircastle has trended higher by just 10% for this year
“Stocks in the lowest price-to-tangible-book decile delivered the highest returns over the long term.” --Donald Smith
He and his firm serve only institutional clients, so we do not have a lot of details about his performance. A couple of clues lead us to believe he has done well for those clients, however.
Who is Smith?
According to Inside Philanthropy, Smith earned a Bachelor
|2020-09-16 $ 28.69 (3.28%)|
How AerCap (AER) Stock Stands Out in a Strong Industry - www.zacks.com
|2020-09-15 $ 27.78 (-3.68%)|
|2020-09-01 $ 29.61 (0.14%)|
|2020-08-12 $ 32.75 (-0.37%)|
|2020-08-06 $ 30.1 (-1.47%)|
|2020-07-29 $ 28.43 (7.85%)|
Key Boeing Customer Announces Further Cuts to 737 Max Order - www.fool.com
AerCap (AER) Q2 Earnings and Revenues Top Estimates - www.zacks.com
|2020-07-28 $ 26.36 (-3.41%)|
Is a Surprise Coming for AerCap (AER) This Earnings Season? - www.zacks.com
|2020-07-24 $ 28.23 (-4.4%)|
Why AerCap (AER) is Poised to Beat Earnings Estimates Again - www.zacks.com
|2020-07-22 $ 29.36 (-0.44%)|
Earnings Preview: AerCap (AER) Q2 Earnings Expected to Decline - www.zacks.com
|2020-07-01 $ 29.66 (-3.7%)|
Top Ranked Value Stocks to Buy for July 1st - www.zacks.com
|2020-06-26 $ 28.79 (-5.26%)|
Is AerCap (AER) a Great Value Stock Right Now? - www.zacks.com
Top Ranked Value Stocks to Buy for June 26th - www.zacks.com
|2020-06-23 $ 32.17 (1.42%)|
Is Aercap Holdings (AER) a Good Value Investor Pick Now? - www.zacks.com
|2020-06-10 $ 35 (-7.63%)|
Should Value Investors Buy AerCap (AER) Stock? - www.zacks.com
|2020-06-02 $ 32.91 (0.58%)|
Why Shares of AerCap Climbed in May - www.fool.com
|2020-06-01 $ 32.72 (1.49%)|
$AER - AerCap: A Rough Gem For The Long Term. Aercap Rough Gem For Long Term - seekingalpha.com
|2020-05-26 $ 30.57 (6.15%)|
Julian Robertson's Top 1st-Quarter Trades - GuruFocus.com
AerCap Reworks Airplane Delivery Schedule - www.fool.com
|2020-05-22 $ 28.8 (-0.66%)|
|2020-05-21 $ 28.99 (2.58%)|
|2020-05-20 $ 28.26 (1.07%)|
|2020-05-19 $ 27.96 (-4.31%)|
|2020-05-15 $ 25.28 (-2.21%)|
|2020-05-11 $ 28.65 (-5.82%)|
|2020-05-08 $ 30.42 (7.68%)|
|2020-05-07 $ 28.25 (4.36%)|
|2020-05-06 $ 27.07 (-3.04%)|
|2020-05-05 $ 27.92 (2.53%)|
Why Shares of AerCap Are Up Today - www.fool.com
AerCap (AER) Beats Q1 Earnings and Revenue Estimates - www.zacks.com
|2020-05-04 $ 27.23 (2.41%)|
|2020-04-28 $ 24.31 (2.01%)|
|2020-04-27 $ 23.83 (7.05%)|
The Big Risk Facing General Electric in 2020 - www.fool.com
|2020-04-03 $ 18.91 (-2.83%)|
Are Options Traders Betting on a Big Move in AerCap (AER) Stock? - www.zacks.com
|2020-03-25 $ 25.56 (17.3%)|
|2020-01-23 $ 61.11 (0.43%)|
David Einhorn Going Into 2020 With Confidence and Gold - GuruFocus.com
|2019-12-13 $ 62.1 (1.8%)|
|2019-11-06 $ 59.87 (1.39%)|
|2018-11-13 $ 51.89 (0.56%)|
Risk-Reward With 2 Aircraft Leasing Companies - GuruFocus.com
|2018-02-14 $ 52.67 (1.96%)|
Mohnish Pabrai Slims Alphabet, AerCap Holdings - GuruFocus.com
|2017-11-21 $ 50.71 (-0.31%)|
Why AerCap Holdings Is One of Only 5 Stocks Mohnish Pabrai Likes - GuruFocus.com
|2016-12-30 $ 41.61 (0.1%)|
AerCap: Robust Cash Generation Will Take Stock Higher - GuruFocus.com
|2016-08-23 $ 39.5 (1.96%)|
Mohnish Pabrai Buys AerCap - GuruFocus.com
|2016-07-26 $ 36.35 (-0.16%)|
|2016-07-05 $ 32.52 (-3.99%)|
Correction Is an Opportunity to Buy AerCap Holdings - GuruFocus.com
|2016-03-14 $ 37.94 (0.88%)|
|2016-02-11 $ 26.34 (-2.62%)|
Correction Is an Opportunity to Buy AerCap Holdings - GuruFocus.com
|2015-12-17 $ 40.16 (-1.69%)|
AerCap Holdings: Undervalued and Attractive - GuruFocus.com
|2015-12-08 $ 42.12 (-5.33%)|
|2015-09-11 $ 42.21 (%)|
Steven Cohen Buys AerCap Holdings - GuruFocus.com
|2015-05-28 $ 48.88 (0.53%)|
David Einhorn Keeps Buying AerCap - GuruFocus.com
|2015-05-26 $ 47.8 (-0.56%)|
|2015-05-21 $ 48.21 (0.52%)|
Bullish on AerCap Holdings For Long-Term - GuruFocus.com
Leon Cooperman increases his stake in AerCap - GuruFocus.com
|2015-05-14 $ 48.99 (-0.02%)|
Should You Buy This Stock Post Recent Results - GuruFocus.com
|2015-05-05 $ 48.49 (-1.4%)|
Leon Cooperman Suggests Buying AerCap Holdings - GuruFocus.com
|2015-04-14 $ 46.4 (-0.15%)|
Valuing Donald Smith's Top Holdings - GuruFocus.com
|2015-04-03 $ 44.76 (%)|
Why This Mid Cap Aircraft Leasing Company is a Good Buy - GuruFocus.com
|2015-03-24 $ 44.24 (-0.38%)|
Analyzing David Einhorn's Low PE Stocks: AerCap Holdings NV - GuruFocus.com
|2015-03-06 $ 43.96 (-2.29%)|
AerCap Holdings Will Continue To Move Higher - GuruFocus.com
|2014-08-15 $ 47.05 (-1.34%)|
Einhorn's Greenlight Capital Adds 5 New Stocks - GuruFocus.com
|2013-12-18 $ 35.03 (0.17%)|