Artisan Partners Limited Partnership Has $190.81 Million Position in FTAI Aviation Ltd. $FTAI

Artisan Partners Limited Partnership trimmed its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 11.5% in the third quarter, HoldingsChannel reports. The firm owned 1,143,520 shares of the financial services provider’s stock after selling 148,647 shares during the quarter. Artisan Partners Limited Partnership’s holdings in FTAI Aviation were worth $190,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc lifted its stake 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 buying an additional 1,238,294 shares during the last quarter. Norges Bank bought a new position in FTAI Aviation in the 2nd quarter valued at about $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in 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 worth $131,208,000 after acquiring an additional 1,076,416 shares during the last quarter. Northern Right Capital Management L.P. boosted its holdings in shares of FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after acquiring an additional 795,675 shares during the period. Finally, Rubric Capital Management LP boosted its holdings in shares of FTAI Aviation by 28.3% during 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 acquiring an additional 749,080 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on FTAI shares. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Citizens Jmp upped their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Barclays lifted their price objective 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. Finally, Wolfe Research restated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research report on Wednesday, December 31st. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $282.22.

FTAI Aviation Trading Up 2.7%

NASDAQ FTAI opened at $310.04 on Friday. The firm’s 50 day simple moving average is $253.24 and its 200 day simple moving average is $195.78. The firm has a market capitalization of $31.80 billion, a price-to-earnings ratio of 67.11 and a beta of 1.53. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 337.39%. The business had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. During the same period in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

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.