Blueshift Asset Management LLC Takes $350,000 Position in FTAI Aviation Ltd. $FTAI

Blueshift Asset Management LLC bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,043 shares of the financial services provider’s stock, valued at approximately $350,000.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Capital Management LLC lifted its position in shares of FTAI Aviation by 99.8% in the 1st quarter. Advisors Capital Management LLC now owns 158,531 shares of the financial services provider’s stock worth $17,602,000 after acquiring an additional 79,190 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of FTAI Aviation by 4.5% in the second quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock valued at $17,769,000 after purchasing an additional 6,709 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in FTAI Aviation in the second quarter worth $570,000. Peregrine Capital Management LLC boosted its stake in FTAI Aviation by 1.8% during the second quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock worth $10,512,000 after buying an additional 1,632 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its holdings in FTAI Aviation by 150.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock valued at $555,000 after buying an additional 3,000 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday. Royal Bank Of Canada lifted their price objective on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Jones Trading started coverage on FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective on the stock. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Barclays boosted their price target on FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $201.11.

Insider Buying and Selling at FTAI Aviation

In other news, COO David Moreno bought 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the acquisition, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

FTAI Aviation Trading Up 1.7%

Shares of NASDAQ FTAI opened at $170.99 on Thursday. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $194.36. The company has a 50-day moving average of $167.91 and a two-hundred day moving average of $146.06. The company has a market cap of $17.54 billion, a PE ratio of 39.04 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio is currently 31.96%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.