FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Cannell & Spears LLC

Cannell & Spears LLC grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 49.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,272 shares of the financial services provider's stock after buying an additional 67,647 shares during the quarter. Cannell & Spears LLC owned about 0.20% of FTAI Aviation worth $29,567,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth $31,000. Private Trust Co. NA increased its holdings in FTAI Aviation by 221.1% in the fourth 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. acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $36,000. Blue Trust Inc. purchased a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $56,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $68,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

FTAI traded down $16.06 during trading on Friday, hitting $88.28. The company had a trading volume of 1,885,207 shares, compared to its average volume of 3,074,974. FTAI Aviation Ltd. has a 1-year low of $66.22 and a 1-year high of $181.64. The company has a market cap of $9.05 billion, a PE ratio of -880.58 and a beta of 1.78. The business has a 50-day moving average of $112.74 and a 200-day moving average of $132.72.

Remove Ads

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio is presently -342.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTAI shares. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Stifel Nicolaus reiterated a "hold" rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, BTIG Research lifted their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $173.67.

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.