Colonial River Investments LLC Makes New $480,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Colonial River Investments LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,614 shares of the financial services provider's stock, valued at approximately $480,000.

A number of other hedge funds have also made changes to their positions in the stock. Diversified Trust Co acquired a new position in FTAI Aviation in the third quarter worth $1,738,000. Price T Rowe Associates Inc. MD boosted its holdings in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider's stock worth $58,415,000 after purchasing an additional 813,311 shares during the period. Entropy Technologies LP acquired a new position in FTAI Aviation in the first quarter worth $340,000. SG Americas Securities LLC acquired a new position in FTAI Aviation in the first quarter worth $384,000. Finally, Carnegie Investment Counsel acquired a new position in FTAI Aviation in the third quarter worth $532,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Up 4.7 %

FTAI Aviation stock traded up $7.05 during midday trading on Friday, hitting $157.07. The company's stock had a trading volume of 1,308,683 shares, compared to its average volume of 1,258,494. The stock's 50-day moving average price is $134.92 and its 200-day moving average price is $109.21. FTAI Aviation Ltd. has a 12 month low of $39.69 and a 12 month high of $158.45. The company has a market capitalization of $16.05 billion, a PE ratio of -1,570.70 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter last year, the firm posted $0.33 earnings per share. FTAI Aviation's revenue was up 60.0% compared to the same quarter last year. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.76%. FTAI Aviation's payout ratio is presently -1,200.00%.

Wall Street Analyst Weigh In

FTAI has been the subject of several analyst reports. BTIG Research initiated coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a "buy" rating and a $140.00 price target for the company. Benchmark boosted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a report on Friday, November 1st. Citigroup boosted their price target 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. Jefferies Financial Group boosted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, JMP Securities boosted their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a "market outperform" rating in a report on Thursday, July 25th. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.