FTAI Infrastructure (NASDAQ:FIP) Downgraded by Wall Street Zen to Strong Sell

FTAI Infrastructure (NASDAQ:FIP) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Monday.

A number of other analysts have also weighed in on the company. Citizens Jmp initiated coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price objective for the company. JonesTrading initiated coverage on shares of FTAI Infrastructure in a report on Wednesday, July 1st. They set a “buy” rating and a $8.75 price target for the company. BTIG Research cut their price target on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Compass Point set a $12.00 price objective on FTAI Infrastructure in a research report on Tuesday, June 30th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.94.

FTAI Infrastructure Price Performance

Shares of FIP stock opened at $4.16 on Monday. The stock has a market capitalization of $491.55 million, a PE ratio of -0.92 and a beta of 1.76. FTAI Infrastructure has a 1-year low of $3.90 and a 1-year high of $7.93. The business has a 50-day moving average of $4.53 and a 200 day moving average of $5.19.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The company had revenue of $188.36 million for the quarter, compared to the consensus estimate of $182.41 million. The business’s revenue for the quarter was up 95.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of FTAI Infrastructure stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $4.58 per share, with a total value of $45,800.00. Following the completion of the purchase, the chief financial officer directly owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of FIP. AQR Capital Management LLC lifted its stake in FTAI Infrastructure by 2.8% during the 4th quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock valued at $325,000 after acquiring an additional 1,920 shares during the period. Merit Financial Group LLC grew its stake in shares of FTAI Infrastructure by 21.3% in the fourth quarter. Merit Financial Group LLC now owns 15,858 shares of the company’s stock worth $73,000 after acquiring an additional 2,787 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of FTAI Infrastructure by 9.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock worth $145,000 after acquiring an additional 2,979 shares during the period. Bank of America Corp DE raised its holdings in shares of FTAI Infrastructure by 1.7% during the first quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock valued at $1,388,000 after purchasing an additional 4,810 shares during the last quarter. Finally, American Trust lifted its position in FTAI Infrastructure by 45.5% during the third quarter. American Trust now owns 16,415 shares of the company’s stock valued at $72,000 after purchasing an additional 5,135 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.