Fortitude Advisory Group L.L.C. Cuts Holdings in FTAI Aviation Ltd. $FTAI

Fortitude Advisory Group L.L.C. decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 32.2% in the first quarter, Holdings Channel reports. The firm owned 13,999 shares of the financial services provider’s stock after selling 6,652 shares during the quarter. FTAI Aviation accounts for about 1.5% of Fortitude Advisory Group L.L.C.’s portfolio, making the stock its 12th biggest position. Fortitude Advisory Group L.L.C.’s holdings in FTAI Aviation were worth $3,430,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. SJS Investment Consulting Inc. lifted its holdings in shares of FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation in the 4th quarter worth about $30,000. Root Financial Partners LLC increased its holdings in FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after buying an additional 45 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in FTAI Aviation in the 4th quarter worth about $50,000. Finally, First Horizon Corp raised its position in FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the topic of several research analyst reports. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. BTIG Research boosted their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Activity

In related news, Director Martin Tuchman sold 143,584 shares of the business’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 transaction of $34,810,504.96. Following the completion of the transaction, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the 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 sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 254,515 shares of company stock worth $61,599,445 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $248.06 on Monday. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The company’s fifty day simple moving average is $252.38 and its 200-day simple moving average is $251.01. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The stock has a market capitalization of $25.45 billion, a PE ratio of 49.22, a P/E/G ratio of 1.00 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS 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 company had revenue of $830.70 million during the quarter. During the same quarter in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a $0.45 dividend. The ex-dividend date 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 presently 31.75%.

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.