Castleark Management LLC Decreases Position in FTAI Aviation Ltd. $FTAI

Castleark Management LLC trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 95.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,156 shares of the financial services provider’s stock after selling 23,928 shares during the period. Castleark Management LLC’s holdings in FTAI Aviation were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Rubric Capital Management LP increased its position in shares of FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after buying an additional 1,238,294 shares in the last quarter. Wellington Management Group LLP raised its position in shares of FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after buying an additional 1,443,440 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of FTAI Aviation by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after buying an additional 119,237 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in FTAI Aviation by 1.2% during the second quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock worth $220,349,000 after acquiring an additional 22,960 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 1st. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Jones Trading initiated coverage on FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price for the company. Finally, Zacks Research lowered FTAI Aviation from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.11.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

FTAI Aviation Stock Down 3.5%

Shares of NASDAQ:FTAI opened at $170.69 on Tuesday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $194.36. The firm’s 50 day moving average price is $169.34 and its 200 day moving average price is $149.69. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 38.97 and a beta of 1.56.

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

FTAI Aviation Announces Dividend

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

FTAI Aviation 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.