Cruiser Capital Advisors LLC Sells 149,530 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Cruiser Capital Advisors LLC cut its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221,596 shares of the financial services provider's stock after selling 149,530 shares during the quarter. FTAI Aviation comprises approximately 16.7% of Cruiser Capital Advisors LLC's portfolio, making the stock its 2nd biggest holding. Cruiser Capital Advisors LLC owned approximately 0.22% of FTAI Aviation worth $30,135,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FTAI. EFG Asset Management North America Corp. lifted its stake in shares of FTAI Aviation by 7.4% in the 4th quarter. EFG Asset Management North America Corp. now owns 28,741 shares of the financial services provider's stock valued at $4,139,000 after purchasing an additional 1,988 shares in the last quarter. Congress Wealth Management LLC DE acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $288,000. Advantage Alpha Capital Partners LP purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $6,899,000. Vanguard Group Inc. lifted its position in shares of FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock worth $1,519,325,000 after purchasing an additional 184,730 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of FTAI Aviation by 3.6% in the fourth quarter. LPL Financial LLC now owns 24,588 shares of the financial services provider's stock valued at $3,542,000 after purchasing an additional 853 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts have weighed in on FTAI shares. Compass Point upped their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Finally, StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.67.

FTAI Aviation Trading Down 1.9 %

FTAI traded down $2.16 on Friday, hitting $112.36. 1,543,590 shares of the company's stock were exchanged, compared to its average volume of 1,645,892. The stock has a fifty day moving average of $111.63 and a two-hundred day moving average of $133.07. FTAI Aviation Ltd. has a twelve month low of $65.00 and a twelve month high of $181.64. The firm has a market cap of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, March 14th. FTAI Aviation's payout ratio is -342.86%.

About FTAI Aviation

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.