FTAI Infrastructure (NASDAQ:FIP) Downgraded to “Sell” Rating by Wall Street Zen

FTAI Infrastructure (NASDAQ:FIP) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on FIP. BTIG Research restated a “buy” rating and issued a $10.00 target price on shares of FTAI Infrastructure in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, FTAI Infrastructure presently has a consensus rating of “Hold” and a consensus target price of $11.00.

FTAI Infrastructure Stock Down 4.3%

Shares of FIP opened at $4.64 on Friday. The company has a market capitalization of $548.26 million, a P/E ratio of -2.02 and a beta of 1.86. FTAI Infrastructure has a one year low of $3.10 and a one year high of $7.93. The business’s 50 day simple moving average is $5.78 and its 200-day simple moving average is $5.15. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 0.25.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.65). The business had revenue of $143.52 million during the quarter, compared to the consensus estimate of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in FTAI Infrastructure by 6,941.7% in the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock worth $37,000 after purchasing an additional 7,983 shares during the period. Russell Investments Group Ltd. lifted its position in FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock valued at $40,000 after purchasing an additional 9,097 shares during the period. Optas LLC bought a new position in shares of FTAI Infrastructure in the 3rd quarter valued at about $44,000. GSA Capital Partners LLP bought a new position in shares of FTAI Infrastructure in the 3rd quarter valued at about $46,000. Finally, Xponance LLC acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth approximately $47,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Infrastructure

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.