Alps Advisors Inc. Takes Position in FTAI Aviation Ltd. $FTAI

Alps Advisors Inc. purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, HoldingsChannel reports. The firm purchased 8,840 shares of the financial services provider’s stock, valued at approximately $1,475,000.

Several other large investors have also recently bought and sold shares of the company. Ensign Peak Advisors Inc boosted its position in FTAI Aviation by 67.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after buying an additional 1,238,294 shares during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation during the second quarter valued at $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of FTAI Aviation by 1,678.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after acquiring an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. boosted its holdings in FTAI Aviation by 884.1% in the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 795,675 shares during the last quarter. Finally, Rubric Capital Management LP increased its position 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 purchasing an additional 749,080 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTAI. Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Wolfe Research reiterated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research report on Wednesday, December 31st. Jefferies Financial Group restated a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a report on Monday. BTIG Research raised their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Citizens Jmp lifted their target price 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. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $274.50.

FTAI Aviation Stock Performance

FTAI opened at $267.80 on Wednesday. The firm’s fifty day moving average is $226.00 and its two-hundred day moving average is $183.66. The firm has a market cap of $27.47 billion, a PE ratio of 61.14 and a beta of 1.53. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00.

Insider Buying and Selling

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of FTAI Aviation stock in a transaction on Thursday, November 13th. The shares were purchased 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

FTAI Aviation Company 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.