Diametric Capital LP Cuts Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Diametric Capital LP lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,189 shares of the financial services provider's stock after selling 2,330 shares during the period. Diametric Capital LP's holdings in FTAI Aviation were worth $603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FTAI. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the 3rd quarter valued at $31,000. Private Trust Co. NA raised its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at about $36,000. Blue Trust Inc. purchased a new position in shares of FTAI Aviation in the 4th quarter worth approximately $56,000. Finally, National Bank of Canada FI purchased a new stake in FTAI Aviation during the fourth quarter valued at approximately $65,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wolfe Research raised 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. StockNews.com raised FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research upped their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, FTAI Aviation presently has an average rating of "Moderate Buy" and an average target price of $173.67.

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FTAI Aviation Stock Down 10.0 %

Shares of NYSE:FTAI traded down $11.60 during trading on Thursday, hitting $104.34. 3,548,056 shares of the stock traded hands, compared to its average volume of 1,655,075. The company has a fifty day moving average price of $112.68 and a two-hundred day moving average price of $132.92. FTAI Aviation Ltd. has a 52-week low of $66.22 and a 52-week high of $181.64. The company has a market cap of $10.70 billion, a price-to-earnings ratio of -1,043.30 and a beta of 1.78.

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is presently -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.