Keybank National Association OH Buys Shares of 3,062 FTAI Aviation Ltd. $FTAI

Keybank National Association OH purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,062 shares of the financial services provider’s stock, valued at approximately $511,000.

A number of other hedge funds have also recently made changes to their positions in FTAI. CWM LLC boosted its position in FTAI Aviation by 6.8% during the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 74 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of FTAI Aviation by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock valued at $515,000 after buying an additional 75 shares in the last quarter. Foundations Investment Advisors LLC grew its position in shares of FTAI Aviation by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $374,000 after buying an additional 76 shares during the last quarter. Assetmark Inc. raised its stake in shares of FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 87 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 97 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 2.0%

Shares of NASDAQ:FTAI opened at $259.11 on Friday. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 59.16 and a beta of 1.53. The business has a 50-day moving average price of $219.89 and a 200-day moving average price of $179.36.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the purchase, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FTAI. Citizens Jmp lifted their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Barclays boosted their target price on FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Jones Trading initiated coverage on FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $266.11.

About FTAI Aviation

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.