Rhumbline Advisers Sells 3,230 Shares of FTAI Aviation Ltd. $FTAI

Rhumbline Advisers lowered its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,682 shares of the financial services provider’s stock after selling 3,230 shares during the quarter. Rhumbline Advisers’ holdings in FTAI Aviation were worth $18,802,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. bought a new position in shares of FTAI Aviation during the 3rd quarter valued at $28,000. Global Retirement Partners LLC increased its position in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 308 shares during the last quarter. Assetmark Inc. lifted its holdings in FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 87 shares during the period. GAMMA Investing LLC boosted its position in FTAI Aviation by 22.7% in the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 97 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of FTAI Aviation by 3,692.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 923 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wolfe Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citizens Jmp upped their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Finally, Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $282.22.

FTAI Aviation Stock Up 2.1%

Shares of FTAI Aviation stock opened at $285.75 on Wednesday. The company has a market capitalization of $29.31 billion, a price-to-earnings ratio of 65.24 and a beta of 1.53. The stock’s 50-day simple moving average is $236.07 and its 200-day simple moving average is $188.86. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $310.00.

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.