FNY Investment Advisers LLC Buys New Position in FTAI Aviation Ltd. $FTAI

FNY Investment Advisers LLC bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 4th quarter, HoldingsChannel reports. The firm bought 6,720 shares of the financial services provider’s stock, valued at approximately $1,322,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTAI. Rossby Financial LCC increased its holdings in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after buying an additional 65 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 70 shares during the last quarter. CWM LLC lifted its holdings in shares of FTAI Aviation by 6.8% during the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 74 shares during the last quarter. Brookstone Capital Management grew its position in FTAI Aviation by 2.5% in the third quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 75 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in FTAI Aviation by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $242.69 on Friday. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. The stock has a market cap of $24.89 billion, a PE ratio of 52.53, a PEG ratio of 0.94 and a beta of 1.59. The company’s fifty day moving average is $267.46 and its 200 day moving average is $213.40. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million for the quarter, compared to analysts’ expectations of $710.37 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s quarterly revenue was up 32.7% on a year-over-year basis. Research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is currently 34.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price target on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Morgan Stanley increased their price objective on FTAI Aviation from $266.00 to $293.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Finally, Citizens Jmp upped their target price 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. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $295.78.

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.