Landscape Capital Management L.L.C. Sells 2,892 Shares of FTAI Aviation Ltd. $FTAI

Landscape Capital Management L.L.C. cut its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,684 shares of the financial services provider’s stock after selling 2,892 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in FTAI Aviation were worth $2,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FORA Capital LLC bought a new stake in shares of FTAI Aviation in the 4th quarter valued at about $967,000. Kestra Advisory Services LLC bought a new stake in shares of FTAI Aviation in the 4th quarter valued at about $427,000. The Manufacturers Life Insurance Company increased its stake in shares of FTAI Aviation by 1.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock valued at $877,000 after acquiring an additional 52 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of FTAI Aviation by 4.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 89,353 shares of the financial services provider’s stock valued at $17,589,000 after purchasing an additional 4,049 shares during the period. Finally, Rubric Capital Management LP grew its position in shares of FTAI Aviation by 10.1% in the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after purchasing an additional 339,447 shares during the period. 88.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 254,515 shares of company stock valued at $61,599,445. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $241.96 on Monday. FTAI Aviation Ltd. has a twelve month low of $108.47 and a twelve month high of $323.51. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The business has a 50 day moving average price of $248.12 and a two-hundred day moving average price of $241.30. The company has a market cap of $24.82 billion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the prior year, the business posted $0.87 earnings per share. The firm’s revenue was up 65.4% on a year-over-year basis. As a group, analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is 31.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on FTAI. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Barclays boosted their price objective on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. BTIG Research boosted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

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.