Concurrent Investment Advisors LLC Invests $498,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Concurrent Investment Advisors LLC purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,744 shares of the financial services provider's stock, valued at approximately $498,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the 2nd quarter worth about $33,000. Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after purchasing an additional 189 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of FTAI Aviation in the second quarter valued at approximately $59,000. EverSource Wealth Advisors LLC boosted its position in FTAI Aviation by 165.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after buying an additional 1,790 shares during the period. Finally, RiverPark Advisors LLC bought a new stake in FTAI Aviation during the 2nd quarter worth approximately $202,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Up 4.7 %

NYSE FTAI traded up $7.05 on Friday, hitting $157.07. 1,308,683 shares of the company were exchanged, compared to its average volume of 1,258,494. The company has a market cap of $16.05 billion, a PE ratio of -1,570.70 and a beta of 2.04. The stock has a fifty day moving average of $134.92 and a 200-day moving average of $109.46. FTAI Aviation Ltd. has a 12 month low of $39.69 and a 12 month high of $158.45.

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

FTAI Aviation Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on FTAI. BTIG Research assumed coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a "buy" rating and a $140.00 price target on the stock. Citigroup lifted their target price on FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, October 28th. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Friday, August 2nd. Barclays upped their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. Two equities research 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. According to MarketBeat.com, the company currently 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.