Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, JMP Securities lifted their price target on Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.88.

Fortress Transportation and Infrastructure Investors (FTAI) traded up 0.12% during mid-day trading on Tuesday, hitting $16.37. The stock had a trading volume of 251,982 shares. The firm’s 50-day moving average is $15.92 and its 200 day moving average is $15.05. Fortress Transportation and Infrastructure Investors has a 12 month low of $9.86 and a 12 month high of $16.79. The company’s market cap is $1.24 billion.

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In other Fortress Transportation and Infrastructure Investors news, Director Paul R. Goodwin acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of $17.00 per share, with a total value of $85,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in Fortress Transportation and Infrastructure Investors by 679.0% in the second quarter. Bank of Montreal Can now owns 155,800 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 135,800 shares in the last quarter. Bank of America Corp DE raised its stake in Fortress Transportation and Infrastructure Investors by 21.1% in the first quarter. Bank of America Corp DE now owns 306,617 shares of the financial services provider’s stock valued at $4,571,000 after buying an additional 53,387 shares in the last quarter. Bellwether Investment Group LLC acquired a new stake in Fortress Transportation and Infrastructure Investors during the first quarter valued at about $157,000. Global X Management Co. LLC acquired a new stake in Fortress Transportation and Infrastructure Investors during the first quarter valued at about $7,486,000. Finally, Royce & Associates LP raised its stake in Fortress Transportation and Infrastructure Investors by 23.4% in the first quarter. Royce & Associates LP now owns 229,110 shares of the financial services provider’s stock valued at $3,416,000 after buying an additional 43,500 shares in the last quarter. 25.87% of the stock is owned by institutional investors.

Fortress Transportation and Infrastructure Investors Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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