33,790 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Acquired by Atom Investors LP

Atom Investors LP bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,790 shares of the financial services provider's stock, valued at approximately $4,491,000.

A number of other institutional investors have also recently made changes to their positions in FTAI. Paloma Partners Management Co purchased a new position in FTAI Aviation in the 3rd quarter valued at $439,000. Edgestream Partners L.P. acquired a new stake in shares of FTAI Aviation in the third quarter valued at about $6,216,000. PDT Partners LLC purchased a new position in shares of FTAI Aviation in the third quarter worth about $279,000. Fred Alger Management LLC lifted its stake in shares of FTAI Aviation by 34.7% in the third quarter. Fred Alger Management LLC now owns 253,585 shares of the financial services provider's stock worth $33,701,000 after buying an additional 65,298 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in FTAI Aviation by 379.1% during the third quarter. Verition Fund Management LLC now owns 20,497 shares of the financial services provider's stock worth $2,724,000 after acquiring an additional 16,219 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 1.2 %

FTAI stock traded down $2.02 during mid-day trading on Monday, hitting $166.80. 690,862 shares of the company were exchanged, compared to its average volume of 1,038,405. FTAI Aviation Ltd. has a 12-month low of $41.37 and a 12-month high of $177.18. The firm has a market capitalization of $17.11 billion, a P/E ratio of -1,697.23 and a beta of 2.04. The business has a fifty day simple moving average of $148.35 and a 200-day simple moving average of $119.02.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analysts' expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business's revenue for the quarter was up 60.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Research analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. FTAI Aviation's payout ratio is presently -1,199.88%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FTAI shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Barclays boosted their price objective on FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.09.

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.