Sara Bay Financial Purchases Shares of 3,799 FTAI Aviation Ltd. (NYSE:FTAI)

Sara Bay Financial bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,799 shares of the financial services provider's stock, valued at approximately $547,000.

Other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC raised its position in FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock valued at $483,000 after buying an additional 102 shares during the period. Merit Financial Group LLC boosted its holdings in shares of FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock worth $613,000 after purchasing an additional 105 shares during the period. MML Investors Services LLC increased its stake in FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after buying an additional 129 shares during the period. Foundations Investment Advisors LLC lifted its position in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock worth $352,000 after buying an additional 145 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of FTAI Aviation by 8.5% during the 4th quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 172 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

FTAI stock traded down $7.62 on Friday, reaching $112.38. 5,547,011 shares of the company were exchanged, compared to its average volume of 1,469,505. FTAI Aviation Ltd. has a 12 month low of $48.63 and a 12 month high of $181.64. The stock's fifty day moving average price is $150.50 and its 200 day moving average price is $132.45. The firm has a market capitalization of $11.52 billion, a PE ratio of 71.91 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company's revenue was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, November 14th. FTAI Aviation's dividend payout ratio is -1,199.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FTAI shares. Stifel Nicolaus lifted their price objective on FTAI Aviation from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Compass Point boosted their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. BTIG Research raised their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Finally, Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of "Moderate Buy" and a consensus price target of $177.33.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.