Cooper Creek Partners Management LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 118,428 shares of the financial services provider's stock, valued at approximately $17,058,000. Cooper Creek Partners Management LLC owned about 0.12% of FTAI Aviation at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in FTAI. Sara Bay Financial purchased a new stake in FTAI Aviation during the 4th quarter worth approximately $547,000. Ibex Wealth Advisors acquired a new stake in FTAI Aviation during the 4th quarter worth approximately $3,518,000. Rhumbline Advisers increased its stake in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock worth $20,464,000 after acquiring an additional 3,121 shares during the period. SeaCrest Wealth Management LLC grew its holdings in FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock worth $944,000 after acquiring an additional 2,853 shares during the period. Finally, Franklin Resources Inc. raised its holdings in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after purchasing an additional 208,613 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
FTAI Aviation Stock Performance
Shares of FTAI stock traded down $1.41 on Friday, reaching $93.00. 1,879,228 shares of the company's stock traded hands, compared to its average volume of 1,702,031. The business's 50 day moving average price is $110.49 and its two-hundred day moving average price is $129.97. The company has a market capitalization of $9.54 billion, a P/E ratio of -929.91 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $66.22 and a 12-month high of $181.64.
FTAI Aviation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. FTAI Aviation's dividend payout ratio is -342.86%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Stifel Nicolaus reiterated 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. Finally, Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $172.83.
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About FTAI Aviation
(
Free Report)
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.
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