Citigroup Inc. Buys 121,501 Shares of FTAI Aviation Ltd. $FTAI

Citigroup Inc. boosted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 130.8% in the 3rd quarter, Holdings Channel reports. The firm owned 214,359 shares of the financial services provider’s stock after acquiring an additional 121,501 shares during the quarter. Citigroup Inc.’s holdings in FTAI Aviation were worth $35,768,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in shares of FTAI Aviation in the third quarter worth about $28,000. Global Retirement Partners LLC lifted its stake in FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. GAMMA Investing LLC boosted its holdings in FTAI Aviation by 22.7% in the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 97 shares during the period. Rossby Financial LCC grew its position in shares of FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 6.9%

Shares of NASDAQ FTAI opened at $303.93 on Wednesday. The stock’s 50-day moving average is $247.55 and its 200 day moving average is $194.23. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 69.39 and a beta of 1.53. FTAI Aviation Ltd. has a 1-year low of $81.45 and a 1-year high of $310.00.

Wall Street Analyst Weigh In

FTAI has been the subject of several research analyst reports. Wolfe Research reissued an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Morgan Stanley raised their price target on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 target price on shares of FTAI Aviation in a research note on Monday, February 9th. Finally, Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Ten 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, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $282.22.

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.