Beck Capital Management LLC lowered its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 18.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 70,662 shares of the financial services provider's stock after selling 16,010 shares during the period. FTAI Aviation makes up 2.5% of Beck Capital Management LLC's portfolio, making the stock its 5th largest holding. Beck Capital Management LLC owned 0.07% of FTAI Aviation worth $9,391,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of FTAI. Foundations Investment Advisors LLC boosted its holdings in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock valued at $352,000 after purchasing an additional 145 shares during the period. Farther Finance Advisors LLC grew its position in 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 buying an additional 189 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation during the 3rd quarter worth $26,000. KBC Group NV raised its holdings in FTAI Aviation by 8.2% in the 3rd quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock valued at $359,000 after acquiring an additional 206 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after purchasing an additional 216 shares in the last quarter. 88.96% of the stock is owned by institutional investors.
Analyst Ratings Changes
FTAI has been the topic of several analyst reports. Benchmark increased their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Compass Point upped their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Jefferies Financial Group lifted their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Finally, Barclays increased their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.09.
Check Out Our Latest Report on FTAI
FTAI Aviation Stock Performance
Shares of FTAI Aviation stock traded down $2.02 on Monday, reaching $166.80. 693,709 shares of the company's stock were exchanged, compared to its average volume of 1,038,417. The company has a market capitalization of $17.11 billion, a P/E ratio of -1,697.23 and a beta of 2.04. FTAI Aviation Ltd. has a 52 week low of $41.37 and a 52 week high of $177.18. The firm's 50-day moving average is $148.35 and its two-hundred day moving average is $119.02.
FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period last year, the company earned $0.33 EPS. FTAI Aviation's revenue for the quarter was up 60.0% compared to the same quarter last year. On average, analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation's payout ratio is presently -1,199.88%.
FTAI Aviation Company Profile
(
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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