Corsair Capital Management L.P. Decreases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Corsair Capital Management L.P. decreased its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 31.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,386 shares of the financial services provider's stock after selling 6,205 shares during the period. FTAI Aviation makes up approximately 0.4% of Corsair Capital Management L.P.'s investment portfolio, making the stock its 27th biggest position. Corsair Capital Management L.P.'s holdings in FTAI Aviation were worth $1,779,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation during the third quarter valued at $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC grew its position in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after acquiring an additional 189 shares in the last quarter. Ridgewood Investments LLC bought a new stake in FTAI Aviation during the second quarter worth approximately $59,000. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the third quarter worth approximately $200,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Down 1.1 %

NYSE FTAI opened at $170.09 on Wednesday. The firm's fifty day simple moving average is $145.20 and its two-hundred day simple moving average is $116.50. The firm has a market capitalization of $17.44 billion, a P/E ratio of -1,719.43 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $177.18.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued 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 0.71%. FTAI Aviation's dividend payout ratio is currently -1,199.88%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FTAI. BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They issued a "buy" rating and a $140.00 target price for the company. Morgan Stanley reiterated an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Friday, August 2nd. Barclays lifted their price target on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Two 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 MarketBeat, the stock currently has an average 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.

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