Fortress Transprtn and Infr Investrs LLC (FTAI) Shares Sold by BB&T Securities LLC

BB&T Securities LLC cut its stake in shares of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 7.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 142,853 shares of the financial services provider’s stock after selling 11,422 shares during the period. BB&T Securities LLC owned about 0.17% of Fortress Transprtn and Infr Investrs worth $2,581,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in Fortress Transprtn and Infr Investrs by 32.4% in the first quarter. Wells Fargo & Company MN now owns 54,245 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 13,267 shares during the period. Boston Partners acquired a new position in Fortress Transprtn and Infr Investrs in the first quarter valued at about $2,136,000. King Luther Capital Management Corp acquired a new position in Fortress Transprtn and Infr Investrs in the first quarter valued at about $319,000. Glen Harbor Capital Management LLC grew its stake in Fortress Transprtn and Infr Investrs by 50.0% in the first quarter. Glen Harbor Capital Management LLC now owns 33,600 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 11,200 shares during the period. Finally, BlackRock Inc. grew its stake in Fortress Transprtn and Infr Investrs by 1,940.6% in the first quarter. BlackRock Inc. now owns 39,485 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 37,550 shares during the period. Institutional investors own 32.98% of the company’s stock.

FTAI stock opened at $18.13 on Friday. The stock has a market cap of $1.47 billion, a PE ratio of 151.08 and a beta of 1.50. Fortress Transprtn and Infr Investrs LLC has a fifty-two week low of $15.45 and a fifty-two week high of $20.13.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $71.98 million for the quarter, compared to analyst estimates of $76.57 million. Fortress Transprtn and Infr Investrs had a return on equity of 1.33% and a net margin of 2.39%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. research analysts anticipate that Fortress Transprtn and Infr Investrs LLC will post 0.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Friday, August 17th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, August 16th. This represents a $1.32 annualized dividend and a dividend yield of 7.28%. Fortress Transprtn and Infr Investrs’s dividend payout ratio is currently 1,100.00%.

FTAI has been the subject of a number of research analyst reports. Zacks Investment Research raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, July 9th. TheStreet raised Fortress Transprtn and Infr Investrs from a “c+” rating to a “b” rating in a research note on Friday, August 3rd. Finally, ValuEngine raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Fortress Transprtn and Infr Investrs has a consensus rating of “Buy” and an average price target of $21.33.

Fortress Transprtn and Infr Investrs Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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Institutional Ownership by Quarter for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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