Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 868,630 shares, an increase of 40.2% from the October 13th total of 619,459 shares. Based on an average daily volume of 161,682 shares, the short-interest ratio is currently 5.4 days. Approximately 1.3% of the company’s stock are sold short.

A number of institutional investors have recently added to or reduced their stakes in FTAI. California Public Employees Retirement System bought a new stake in Fortress Transportation and Infrastructure Investors in the first quarter worth $228,000. Bank of America Corp DE boosted its holdings 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 worth $4,571,000 after acquiring an additional 53,387 shares in the last quarter. Bank of Montreal Can boosted its holdings 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 worth $2,484,000 after acquiring an additional 135,800 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Fortress Transportation and Infrastructure Investors by 1.8% during the second quarter. Whittier Trust Co. now owns 110,348 shares of the financial services provider’s stock valued at $1,759,000 after purchasing an additional 1,967 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Fortress Transportation and Infrastructure Investors by 4.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32,915 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 1,393 shares in the last quarter. 25.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at $17.98 on Friday. Fortress Transportation and Infrastructure Investors has a 1-year low of $13.02 and a 1-year high of $18.98. The company has a market capitalization of $1,352.53, a price-to-earnings ratio of 198.33 and a beta of 1.92.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.60% and a negative net margin of 2.36%. The business had revenue of $60.40 million for the quarter, compared to the consensus estimate of $56.04 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. equities analysts anticipate that Fortress Transportation and Infrastructure Investors will post 0.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.34%. The ex-dividend date is Thursday, November 16th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is -2,200.00%.

Several brokerages recently weighed in on FTAI. Bank of America Corporation upped their price target on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. BidaskClub raised Fortress Transportation and Infrastructure Investors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, TheStreet raised Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research note on Monday, July 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.63.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/11/17/fortress-transportation-and-infrastructure-investors-llc-ftai-sees-significant-increase-in-short-interest.html.

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.

Receive News & Ratings for Fortress Transportation and Infrastructure Investors LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Transportation and Infrastructure Investors LLC and related companies with MarketBeat.com's FREE daily email newsletter.