Assetmark Inc. Cuts Stock Position in FTAI Aviation Ltd. $FTAI

Assetmark Inc. decreased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 32.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,358 shares of the financial services provider’s stock after selling 15,851 shares during the period. Assetmark Inc.’s holdings in FTAI Aviation were worth $8,173,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on FTAI. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Citizens Jmp began coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $333.12.

Insiders Place Their Bets

In related news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the transaction, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction 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 transaction, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 over the last 90 days. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $199.71 on Tuesday. The business has a 50-day simple moving average of $245.39 and a 200-day simple moving average of $254.41. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. FTAI Aviation Ltd. has a one year low of $109.90 and a one year high of $323.51. The company has a market cap of $20.49 billion, a PE ratio of 39.63, a P/E/G ratio of 0.84 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm had revenue of $830.70 million during the quarter. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 65.4% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. FTAI Aviation’s dividend payout ratio is currently 31.75%.

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.