Advantage Alpha Capital Partners LP Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Advantage Alpha Capital Partners LP bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 47,894 shares of the financial services provider's stock, valued at approximately $6,899,000. FTAI Aviation comprises approximately 1.6% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $31,000. Private Trust Co. NA raised its position in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTAI Aviation in the 4th quarter valued at about $36,000. Finally, Blue Trust Inc. purchased a new position in FTAI Aviation in the fourth quarter worth about $56,000. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FTAI. Stifel Nicolaus restated a "hold" rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Barclays raised their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research note on Friday, January 10th. Finally, StockNews.com raised FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $173.67.

Remove Ads

FTAI Aviation Price Performance

Shares of FTAI stock traded down $2.16 during mid-day trading on Friday, hitting $112.36. The stock had a trading volume of 1,543,590 shares, compared to its average volume of 1,645,892. FTAI Aviation Ltd. has a 12-month low of $65.00 and a 12-month high of $181.64. The firm's 50-day moving average is $111.63 and its two-hundred day moving average is $132.94. The firm has a market capitalization of $11.52 billion, a P/E ratio of -1,123.49 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. FTAI Aviation's payout ratio is presently -342.86%.

FTAI Aviation Company 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.