Biltmore Family Office LLC Sells 4,545 Shares of FTAI Aviation Ltd. $FTAI

Biltmore Family Office LLC decreased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,096 shares of the financial services provider’s stock after selling 4,545 shares during the period. FTAI Aviation makes up 1.0% of Biltmore Family Office LLC’s investment portfolio, making the stock its 17th largest holding. Biltmore Family Office LLC’s holdings in FTAI Aviation were worth $6,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rubric Capital Management LP raised its stake in FTAI Aviation by 28.3% in 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 buying 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 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after acquiring an additional 119,237 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of FTAI Aviation by 1.2% in the 2nd 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of FTAI Aviation in the 2nd quarter valued at approximately $142,012,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FTAI shares. BTIG Research upped their price target on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Barclays increased their price target on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

FTAI Aviation Price Performance

FTAI opened at $292.10 on Friday. The firm has a market cap of $29.96 billion, a PE ratio of 66.69 and a beta of 1.54. The stock has a 50-day moving average price of $199.42 and a 200-day moving average price of $169.62. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $310.00.

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

FTAI Aviation Dividend Announcement

The company 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 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s payout ratio is presently 31.96%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were 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 of the company’s stock, valued at $670,037.06. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.